by Dan Mitchell | Sep 21, 2018 | Blogs, Taxation
Last month, I revealed that even Paul Krugman agreed with the core principle of the Laffer Curve. Today, we have another unlikely ally. Regular readers know that I’m not a big fan of the Organization for Economic Cooperation and Development. The Paris-based...
by Dan Mitchell | Sep 20, 2018 | Blogs, Economics
Responding to Hurricane Harvey last year, I shared three very good videos explaining why laws against “price gouging” are misguided. Simply stated, politicians can’t wave a legislative wand and change underlying conditions of supply and demand. Laws that artificially...
by Dan Mitchell | Sep 20, 2018 | Opinion and Commentary
Originally published by The Federalist on September 19, 2018. Why do conservatives oppose the Export-Import Bank? Because the economy grows faster when markets rather than politicians determine where labor and capital go. Why do conservatives oppose ethanol subsidies?...
by Dan Mitchell | Sep 19, 2018 | Blogs, Economics, Trade
When President Trump proposed zero trade barriers among major economies, I applauded. Government-imposed barriers to commerce hurt prosperity, whether those restrictions hinder voluntary exchange inside a country or across national borders. There’s a debate over...
by Dan Mitchell | Sep 18, 2018 | Blogs, Taxation
Assuming elected officials care about the consequences of their actions, the obvious answer to a question isn’t always the right answer. Q: Why should a (sensible) politician oppose the minimum wage, especially since some workers will get a pay hike? A: Because the...
