by Dan Mitchell | Nov 14, 2013 | Big Government, Blogs, Economics, Europe, Free Market, Welfare and Entitlements
Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees. I talked with Neil Cavuto about...
by Dan Mitchell | Nov 13, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I routinely (some would say repetitively) argue that the burden of government spending is a drag on the economy because labor and capital are being misallocated via the political process. My message is that we need to reduce the size of the public sector, even if we...
by Dan Mitchell | Nov 9, 2013 | Big Government, Blogs, Economics, Government Spending
The only sustainable way of achieving more prosperity and higher living standards is to increase the quality and quantity of labor and capital in the economy. This may sound like boring econo-speak, but labor and capital are the two “factors of production” and our...
by Dan Mitchell | Nov 8, 2013 | Blogs, Economics
The Department of Labor has issued its monthly employment report and the item that will attract the most attention is that the unemployment rate marginally increased to 7.3 percent. That number is worthy of some attention, but I think it distracts attention from a far...
by Dan Mitchell | Nov 6, 2013 | Blogs, Economics
Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signaling that he will renew his efforts to throw more people into the unemployment line. Needless to say, that’s not how the White House would describe the...
