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...
by Dan Mitchell | May 25, 2014 | Blogs, Economics, Taxation
here aren’t any nations with pure libertarian economic policy, but there are a handful of jurisdictions that deserve praise, either because they have comparatively low levels of statism or because they have made big strides in the right direction. Hong Kong and...
by Dan Mitchell | May 24, 2014 | Blogs, Economics, Free Market, Health Care
Back in 2011, I shared a video making the moral argument that adults should be allowed to buy and sell kidneys. After all, if one person is made better off by selling a kidney and another person is made better off by buying a kidney, why should the rest of us be...
by Dan Mitchell | May 19, 2014 | Big Government, Blogs, Economics, Minimum Wage
I’m beginning to think that people from some nations are smarter and more rational than others. That may explain, for instance, why voters in Estonia support fiscal restraintwhile voters in France foolishly think the gravy train can continue forever. But I’m not...
