by Dan Mitchell | Oct 9, 2017 | Bailouts, Big Government, Blogs
Puerto Rico is getting lots of attention because Hurricane Maria caused a tremendous amount of economic damage. That leads to an important discussion about the role of government – particularly the federal government – when there is a natural disaster (and a secondary...
by Dan Mitchell | Oct 8, 2017 | Blogs, Economics
One of my great frustrations (and there are many) is that the conventional wisdom about economic history oftentimes is wrong. It is very common for students to learn things that simply are not true. The history books usually promote the myth that capitalism caused the...
by Dan Mitchell | Oct 7, 2017 | Blogs, Crime, Society
While I focus on economic issues, particularly what’s happening with fiscal policy, I maintain my libertarian “cred” by periodically pointing out that victimless crimes should be legalized. Even if I don’t particularly like the activities. I don’t approve of drugs and...
by Dan Mitchell | Oct 6, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Imagine that we’re in a parallel universe and that you’re the lookout on the Titanic. But in this make-believe world, you have all sorts of fancy radar that allows you to detect icebergs with lots of advance notice. Furthermore, imagine that you detect danger and give...
by Dan Mitchell | Oct 5, 2017 | Blogs, Taxation
The Republican tax plan is based on some very attractive principles. Lowering the corporate tax rate. Ending the tax bias against new investment. Eliminating harmful loopholes. Reducing double taxation. Unfortunately, the GOP isn’t planning to completely fix these...
