by Dan Mitchell | Aug 16, 2023 | Blogs, Economics, Free Market
Bad policies (industrial policy, protectionism, rent control, minimum wage laws, etc) have a common feature, which is that politicians are trying to replace the “spontaneous order” of markets with intervention and planning. In this new video, John...
by Dan Mitchell | Sep 12, 2020 | Big Government, Blogs
Politicians often support “industrial policy,” which means they get to grant special favors to well-connected companies or industries. But as explained by Professor Burton Folsom, this approach didn’t work very will in the 1800s. It’s not surprising, of course, that...
by Dan Mitchell | Jun 13, 2020 | Blogs, Economics
If you want to understand how government really works, learn about “public choice.” This is the common-sense theory that politicians and other people in politics often make decisions based on self interest, and it does a very good job of explaining why we get so many...
by Dan Mitchell | Apr 6, 2020 | Big Government, Blogs, Economics, Free Market
The current crisis teaches us that excessive regulation and bureaucratic sloth can have deadly consequences. Here’s John Stossel’s video with another lesson, explaining that we need more capitalism rather than more government. This seems like a no-brainer, especially...
by Dan Mitchell | Feb 6, 2020 | Big Government, Blogs, Economics, Socialism
Politicians such as Bernie Sanders and Alexandria Ocasio-Cortez say that their goal of “democratic socialism” is very different from the socialism of Cuba, North Korea, and Venezuela, as well as the socialism of the former Soviet Union. And they doubtlessly would get...
