by Dan Mitchell | Sep 23, 2018 | Blogs, Economics, Trade
Earlier this week, Neil Cavuto asked me about the politics of trade and I warned that Trump’s protectionism may backfire on Republicans because many workers and businesses are suffering the consequences. Needless to say, I’m not a political expert, and I think even...
by Dan Mitchell | Sep 22, 2018 | Blogs, Economics
Some economic statistics are very important in the world of politics. When President Obama’s so-called stimulus was in effect, critics (including me) kept pointing to higher-than-predicted unemployment rates. President Trump, meanwhile, mistakenly thinks America...
by Dan Mitchell | Sep 20, 2018 | Blogs, Economics
Responding to Hurricane Harvey last year, I shared three very good videos explaining why laws against “price gouging” are misguided. Simply stated, politicians can’t wave a legislative wand and change underlying conditions of supply and demand. Laws that artificially...
by Dan Mitchell | Sep 19, 2018 | Blogs, Economics, Trade
When President Trump proposed zero trade barriers among major economies, I applauded. Government-imposed barriers to commerce hurt prosperity, whether those restrictions hinder voluntary exchange inside a country or across national borders. There’s a debate over...
by Dan Mitchell | Sep 17, 2018 | Big Government, Blogs, Economics
I’ve written many times about socialism, which is sometimes a frustrating task because the definition is slippery. I suspect the average supporter of Bernie Sanders or Alexandria Ocasio-Cortez thinks that socialism is big government, with lots of handouts financed by...
