by Dan Mitchell | Sep 3, 2019 | Big Government, Blogs, Economics
Ronald Reagan must be turning over in his grave. A Republican president is pushing protectionist policies that hurt American consumes and taxpayers. A Republican president and Congress are spending like drunken sailors (apologies to drunken sailors). Now some...
by Dan Mitchell | Aug 24, 2019 | Big Government, Blogs, Economics, Trade
Earlier this year, I identified Trump’s “worst ever tweet.” I was wrong. That tweet, which displayed an astounding level of economic ignorance, is now old news. Trump issued a tweet yesterday that is far worse because it combines bad economic theory with horrifying...
by Dan Mitchell | Jul 17, 2019 | Big Government, Blogs, Energy
From a macroeconomic perspective, President Obama’s so-called stimulus was a flop. The federal government borrowed and redistributed almost $1 trillion, yet the economy stagnated. From a microeconomic perspective, the faux stimulus may have been an even bigger...
by Dan Mitchell | May 3, 2019 | Blogs, Economics, Free Market, Socialism
In a column for the New York Times, Jochen Bittner writes about how a rising star of Germany’s Social Democrat Party wants the type of socialism that made the former East Germany an economic failure. Socialism, the idea that workers’ needs are best met by the...
by Dan Mitchell | Apr 17, 2019 | Blogs, Economics, Socialism
Every Thanksgiving, I share the story of how the Pilgrims nearly starved to death because of their experiment with collectivized agriculture. Once the settlers shifted to a system based on private ownership, however, their problems disappeared. The obvious moral of...
