by Dan Mitchell | Jun 25, 2022 | Big Government, Blogs, Free Market
My warm and fuzzy feelings for “capitalism” turn sour when someone promotes a modified version such as “common-good capitalism.” Why? Because I worry such terms imply a Trojan Horse for statism. And that’s definitely the case with so-called...
by Dan Mitchell | May 6, 2022 | Big Government, Blogs, Economics
Politicians in Washington very much like the idea of industrial policy. Steve Forbes, however, warns that legislation to expand cronyism would be a very bad idea. As Steve notes, politicians foolishly claim we need our own version of industrial policy...
by Dan Mitchell | Apr 8, 2022 | Blogs
You can actually learn a lot about sensible tax policy by looking at the behavior of professional athletes and sports franchises. Simply stated, people respond to incentives. That’s true in the United States. And it’s true overseas. We...
by Dan Mitchell | Mar 1, 2022 | Big Government, Blogs
Redistribution is bad economic policy. As the great Thomas Sowell observed, the people who finance redistribution are hurt because they get taxed for working and producing. And the people on the receiving end often are hurt because they get lured into...
by Dan Mitchell | Aug 23, 2021 | Blogs, Economics, Free Market
I’ve made the case for capitalism (Part I, Part II, Part III, Part IV, and Part V) and the case against socialism (Part I, Part II, and Part III), while also noting that there’s a separate case to be made...
