by Dan Mitchell | Oct 23, 2018 | Big Government, Blogs, Economics, Regulations
California is like France. Both are wonderful places to visit. They’re also great places to live if you’re part of the elite. But neither is the ideal option for ordinary people who want upward mobility. Back in 2016, I shared Census Bureau data showing that income...
by Dan Mitchell | Oct 19, 2018 | Blogs, Economics
I’m glad the United States is now ranked #1 in the World Economic Forum’s Global Competitiveness Report, though I point out in this interview that Trump’s performance is mostly a net wash. His sensible approach to tax and regulation is offset by his weak approach to...
by Dan Mitchell | Oct 16, 2018 | Blogs, Economics
When Trump imposes protectionist trade barriers, he doesn’t realize that the harm imposed on other nations is matched by damage to the U.S. economy. As I warn in this interview, something similar could happen if the federal government convinces other nations to reject...
by Dan Mitchell | Oct 15, 2018 | Big Government, Blogs, Economics
Politicians can interfere with the laws of supply and demand (and they do, with distressing regularity), but they can’t repeal them. The minimum wage issue is a tragic example. If lawmakers pass a law mandating wages of $10 per hour, that is going to have a very bad...
by Dan Mitchell | Oct 14, 2018 | Blogs, Economics
I periodically explain that you generally don’t get a recession by hiking taxes, adding red tape, or increasing the burden of government spending. Those policies are misguided, to be sure, but they mostly erode the economy’s long-run potential growth. If you want to...
