by Dan Mitchell | Dec 1, 2018 | Blogs, Economics, Trade
Three weeks ago, I shared a video about the economics of trade balances. Here’s the next video in the Freedom Partner series, which looks at why trade (whether inside a nation or across borders) makes our lives better. Simply stated, we would all be miserably poor if...
by Dan Mitchell | Nov 30, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
Washington is a place that gets infatuated with trendy ideas. A few years ago, everyone was talking about a “universal basic income” because of the strange assumption that millions of people will be unemployable in the future. That idea was mostly embraced by folks on...
by Dan Mitchell | Nov 29, 2018 | Blogs, Economics, Taxation
The central argument against punitive taxation is that it leads to less economic activity. Here’s a visual from an excellent video tutorial by Professor Alex Tabarrok. It shows that government grabs a share of private output when a tax is imposed, thus reducing the...
by Dan Mitchell | Nov 27, 2018 | Blogs, Europe
I just spent several days in London, where I met with journalists and experts at think tanks to find out what’s happening with Brexit. By way of background, I think voters in the UK made the right decision for the simple reason that the Brussels-based European Union...
by Dan Mitchell | Nov 26, 2018 | Blogs, Economics
During his final days in office, I gave a thumbs-down assessment of Barack Obama’s presidency. Simply stated, he increased the burden of government during his tenure, and that led to anemic economic numbers. Now the economy seems to be doing a bit better, which is...
