by Dan Mitchell | Jul 13, 2018 | Big Government, Blogs
Earlier this year, I explained why Nordic nations are not socialist. Or, to be more precise, I wrote that if they are socialist, then so is the United States. And my slam-dunk evidence was this chart from the Fraser Institute’s Economic Freedom of the World., which...
by Dan Mitchell | Jul 11, 2018 | Blogs, Economics, Supply Side, Taxation
Three years ago, I shared two videos explaining taxation and deadweight loss (i.e., why high tax burdens are bad for prosperity). Today, I have one video on another important principle of taxation. To set the stage for this discussion, here are two simple definitions...
by Dan Mitchell | Jun 30, 2018 | Blogs, Economics
During the Obama years, I used data from the Minneapolis Federal Reserve to explain that the economic recovery was rather weak. And when people responded by pointing to a reasonably strong stock market, I expressed concern that easy-money policies might be creating an...
by Dan Mitchell | Jun 27, 2018 | Big Government, Blogs, Economics, Government Spending
There are many threats to prosperity, both in the short run and long run. A tit-for-tat global trade war that would repeat the mistakes of the 1930s. Punitive class-warfare taxes stifling investment and entrepreneurship. Financial bubbles fueled by the easy-money...
by Dan Mitchell | Jun 20, 2018 | Blogs, Economics
Back in January, I compared Reagan’s pro-trade views with Trump’s cramped protectionism. Well, here’s another video of the Gipper talking about trade. I especially like how he used “destructionism” to describe protectionism. And let’s consider exactly the kind of...
