by Dan Mitchell | Mar 30, 2019 | Blogs, Economics, Socialism
Redistribution has a corrosive impact on both ends. Recipients are harmed because they get trapped in dependency, and workers are harmed because taxes discourage productive behavior. Yet young people seem susceptible to this ideology, even when they are among the main...
by Dan Mitchell | Mar 25, 2019 | Blogs, Economics
I have this quaint notion that the Constitution guarantees economic liberty by limiting the power of Washington. Needless to say, parental leave is not one of the enumerated powers in Article 1, Section 8. Sadly, many people (include the Chief Justice of the Supreme...
by Dan Mitchell | Mar 24, 2019 | Blogs, Economics
Time for a confession. I don’t particularly enjoy writing columns about the minimum wage because it’s such a slam-dunk issue. Simply stated, it is cruel and illogical when politicians mandate wage levels that are higher than the productivity of low-skilled workers....
by Dan Mitchell | Mar 20, 2019 | Blogs, Economics, Taxation
When I write about Social Security, I normally focus on two serious deficiencies. The program was never properly designed to deal with demographic change, which means there’s a gargantuan long-run budgetary shortfall of $44 trillion. The program is a very bad deal for...
by Dan Mitchell | Mar 18, 2019 | Blogs, Economics, Trade
In January, I shared a short video about protectionism, which expanded on some analysis from a one-minute video from last year. Today, here’s a short video explaining the trade deficit, which also expands on a one-minute video from last year. Simply stated, trade...
