by Dan Mitchell | Nov 8, 2018 | Big Government, Blogs, Welfare and Entitlements
When I argue with my statist friends about the proper size and scope of government, they accuse me of not wanting public services. My typical response is to explain that I am a strong supporter of markets as the method to get high-quality roads, schools,...
by Dan Mitchell | Nov 7, 2018 | Blogs, Uncategorized
We had an election yesterday in the United States (or, as Mencken sagely observed, an advance auction of stolen goods). Here are five things to keep in mind about the results. First, the GOP did better than most people (including me) expected. This tweet captures the...
by Dan Mitchell | Nov 6, 2018 | Blogs, Economics
The theory of “economic convergence” is based on the notion that poor nations should grow faster than rich nations and eventually achieve the same level of development. This theory is quite reasonable, but I’ve pointed out that decent public policy (i.e., free markets...
by Dan Mitchell | Nov 5, 2018 | Blogs, Economics
Brazil appears to be a tragic example of what happens when societal capital erodes (or never gets established in the first place) and too many people in the country see government as a vehicle for redistribution. That environment leads to statist policies. Which...
by Dan Mitchell | Nov 4, 2018 | Blogs, Economics, Taxation
There are three reasons why the right kind of tax reform can help the economy grow faster. Lower tax rates give people more incentive to earn income. Less double taxation boosts incentives to save and invest. Fewer loopholes improves incentives for economic...
