by Dan Mitchell | Sep 26, 2024 | Blogs, Economics, Taxation
On tax policy, our friends on the left are motivated by envy and hatred. As shown in this Stossel video, Robert Reich is a sad example of this mindset. John Stossel understates his argument. It’s not that Reich is wrong. He’s wildly wrong. There are four points in the...
by Dan Mitchell | Sep 25, 2024 | Big Government, Blogs, Government Spending
In 2018, I shared a study that gave people a way to predict when a country would suffer a fiscal crisis. I liked the findings because the authors concluded that spending restraint was the best way of staying out of trouble. Now there’s a new...
by Dan Mitchell | Sep 24, 2024 | Blogs, Economics
Looking at measures of relative global prosperity, Chinese people are rich in Singapore. They are rich in Hong Kong. And they are rich in Taiwan. Americans of Chinese descent also are rich. So why is China not also rich? The answer is bad...
by Dan Mitchell | Sep 23, 2024 | Blogs
Even though Trumpies and establishment Republicans don’t like each other, they both have the same reaction when I share my right-of-center Venn Diagram. They say that the American people would not support a modern-day version of Ronald Reagan. They either...
by Dan Mitchell | Sep 22, 2024 | Blogs, Economics
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations as they catch up (converge). But there are exceptions. Sometimes a richer country will grow faster than...
