by Dan Mitchell | Apr 30, 2025 | Blogs, Trade
I may be biased because I’m a public finance economist, but I’ve always viewed America’s convoluted tax code as the major source of political corruption in Washington. Politicians have spent the past 112 years getting campaign cash in exchange...
by Dan Mitchell | Apr 29, 2025 | Blogs, Taxation
Basic economy theory, depicted by supply-and-demand curves, tells us that taxes will cause “deadweight loss.” This is the economic activity that no longer occurs because taxes creates a wedge between buyers and sellers. And this analysis applies whether...
by Dan Mitchell | Apr 28, 2025 | Big Government, Blogs
The price system plays an essential role of making sure that entrepreneurs and business owners serve consumers. In the jargon of economists, the price system is an efficient way of allocating scare resources. Unfortunately, as Thomas Sowell has...
by Dan Mitchell | Apr 25, 2025 | Big Government, Blogs, Economics, Regulations
I first started writing about the Competitive Enterprise Institute’s annual report about red tape back in 2010. The newest edition was just released, so let’s take a depressing look at America’s regulatory burden. We’ll start with the chart showing...
by Dan Mitchell | Apr 24, 2025 | Blogs, Economics
Building on my four-part series (here, here, here, and here) explaining the case against socialism and my five-part series (here, here, here, here, and here) on socialism in the modern world, today’s column will look at the economic...
