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 | Dec 1, 2018 | Blogs, Economics, Trade
Three weeks ago, I shared a video about the economics of trade balances. Here’s the next video in the Freedom Partner series, which looks at why trade (whether inside a nation or across borders) makes our lives better. Simply stated, we would all be miserably poor if...
by Dan Mitchell | Nov 29, 2018 | Blogs, Economics, Taxation
The central argument against punitive taxation is that it leads to less economic activity. Here’s a visual from an excellent video tutorial by Professor Alex Tabarrok. It shows that government grabs a share of private output when a tax is imposed, thus reducing the...
by Dan Mitchell | Nov 26, 2018 | Blogs, Economics
During his final days in office, I gave a thumbs-down assessment of Barack Obama’s presidency. Simply stated, he increased the burden of government during his tenure, and that led to anemic economic numbers. Now the economy seems to be doing a bit better, which is...
by Dan Mitchell | Nov 23, 2018 | Big Government, Blogs, Health Care
While I have no objection to applauding Donald Trump’s good policies such as tax reform and deregulation, I also don’t hesitate to criticize his bad policies. His big missteps are protectionism and fiscal profligacy, but he also does small things that are misguided....
