by Dan Mitchell | Jun 6, 2014 | Blogs, Economics
Our leftist friends have decided that income inequality is a scourge that must be addressed. That might be a noble goal if they were motivated by a desire to improve the lives of the less fortunate. Based on their policy proposals, though, it appears that the main...
by Dan Mitchell | Jun 3, 2014 | Blogs, Economics, Free Market
In previous columns, I’ve explained why a wealth tax is a very bad idea. And I’ve also pontificated on why leftists are wrong to pursue policies of coerced equality. So it goes without saying that I’m a big fan of a new Wall Street Journal column by John...
by Dan Mitchell | Jun 2, 2014 | Big Government, Blogs, Economics, Free Market, Welfare and Entitlements
I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated,...
by Dan Mitchell | May 30, 2014 | Big Government, Blogs, Economics
On many occasions, I’ve explained that economic output is a function of how much labor and capital are productively utilized. This is why I relentlessly criticize policies that undermine GDP growth by hindering the use of these “factors of production.” That’s a bit of...
by Dan Mitchell | May 26, 2014 | Blogs, Economics
Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a...
