by Dan Mitchell | Jun 16, 2015 | Blogs, Economics, Free Market
The proper view on inequality is that it doesn’t matter. That assumes, of course, that people are earning their income honestly rather than via government-enabled cronyism. To elaborate, some people will become rich in a system of honest and competitive markets, but...
by Dan Mitchell | Jun 14, 2015 | Big Government, Blogs, Economics, Tax Competition, Taxation, Welfare and Entitlements
One would think that Europeans might finally be realizing that an ever-growing welfare state and an ever-rising tax burden are a form of economic suicide. The most obvious bit of evidence is to look at what’s happening in Greece. Simply stated, public policy for too...
by Dan Mitchell | Jun 10, 2015 | Blogs, Economics
Maybe the warm weather is affecting my judgement, but I’m finding myself in the odd position of admiring some folks on the left for their honesty. A few days ago, for instance, I (sort of) applauded Matthew Yglesias for openly admitting that punitive tax rates would...
by Dan Mitchell | Jun 9, 2015 | Bailouts, Blogs, Economics
I wrote in May 2011 that the situation in Greece was hopeless because nobody with power and/or influence wanted the right policy. So I wasn’t bashful about patting myself on the back later that year when it quickly became obvious that bailouts weren’t working. Ever...
by Dan Mitchell | Jun 6, 2015 | Blogs, Economics
I’m not a big fan of Obamanomics. We’re going through the weakest recovery since the Great Depression. Income and wages have been stagnant, particularly when compared to previous expansions. And while the unemployment rate has finally come down, that’s in part a...
