by Dan Mitchell | Oct 15, 2019 | Blogs, Economics
Last year, I wrote a column that investigated why the left is fixated on the unequal distribution of income and wealth, yet doesn’t seem to care at all about unequal distribution of attractiveness. The question becomes even more intriguing when you consider that...
by Dan Mitchell | Dec 4, 2018 | Blogs, Economics
While capitalism is the only system to produce mass prosperity, I actually support free enterprise more because it is a moral system based on voluntary exchange. The various forms of statism, by contrast, are based on government coercion. But non-coercion not the only...
by Dan Mitchell | Jun 5, 2018 | Blogs, Human Rights, Society
There’s a big controversy about whether business owners with traditional religious beliefs should be coerced by government into doing business with gay couples who want to get married. Back in 2015, I explained that the real issue is freedom of association, not...
by Dan Mitchell | May 21, 2018 | Blogs, Economics
I’m currently in Monaco, which is a remarkable place for two reasons. First, it has an unusual economic model. There is no income tax, and you won’t be surprised to learn that I think this helps to explain why it is the world’s richest jurisdiction. Makes me wish we...
by Dan Mitchell | Mar 19, 2017 | Blogs, Economics, Free Market
An essential part of a free market economy is the price system. The competitive pricing of goods and services transmits information to producers and consumers and creates incentives for the efficient allocation of resources. Just as the circulatory system or nervous...
