by Dan Mitchell | Sep 18, 2018 | Blogs, Taxation
Assuming elected officials care about the consequences of their actions, the obvious answer to a question isn’t always the right answer. Q: Why should a (sensible) politician oppose the minimum wage, especially since some workers will get a pay hike? A: Because the...
by Sven R. Larson | Sep 17, 2018 | Big Government, Blogs, Taxation, Welfare and Entitlements
I rarely get surprised these days by the pervasive economic illiteracy on the left. Yet precisely that happened when a friend sent me a link to an article in Forbes Magazine from back in April. The article claims that: Walmart’s low-wage workers cost U.S....
by Dan Mitchell | Sep 15, 2018 | Blogs, Economics
I’ve repeatedly argued that faster growth is the only effective way of helping the less fortunate. Class warfare and redistribution, by contrast, are not effective. Such policies are based on the fallacy that the economy is a fixed pie, and proponents of this view...
by Dan Mitchell | Sep 12, 2018 | Blogs, Economics, Taxation
If the goal is higher living standards, then higher levels of productivity are necessary. And that requires entrepreneurship and innovation. But bad tax policy can be an obstacle to the economic choices that create a better future. I’ve already shared lots of...
by Dan Mitchell | Aug 22, 2018 | Blogs, Economics
The good news about China is that economic liberalization has produced impressive growth in recent decades, which has helped bring hundreds of millions of people out of poverty. The bad news is that China started from such a low position that per-capita income is...
