A Second Edition of Trump: Will He Join with the Radical Left to Impose Price Controls?

by Dan Mitchell | Nov 24, 2024 | Blogs, Economics

Earlier this year, I shared this video about the foolishness of price controls on credit card interest rates. I’m recycling this video because we have a potentially very unfortunate example of bipartisanship developing in Washington. Some very left-wing Democratic...

Government Intervention and (Convincing People about) the Unintended Consequences of Good Intentions

by Dan Mitchell | Nov 23, 2024 | Blogs, Economics

I have opined many times about the folly of minimum wage laws. Today, starting with this great video from Reason, let’s look at the narrower topic of wages for restaurant workers. The obvious takeaway is that government intervention has backfired. A second takeaway is...

Uruguay’s Economic Outlook

by Dan Mitchell | Nov 21, 2024 | Big Government, Blogs, Economics, Government Spending

I’m speaking today in Uruguay and, since this is my first visit, I want to take this opportunity to analyze that country’s economic policy. The good news is that the current president, Luis Lacalle Pou, has been more fiscally responsible than his...

Blame Washington for the Great Depression, Part II

by Dan Mitchell | Nov 19, 2024 | Big Government, Blogs, Economics

With regards to economic policy, Herbert Hoover and Franklin Roosevelt were two peas in a pod. They both responded to an economic downturn by dramatically expanding the size and scope of government. As a result of those mistakes, they...

A Second Edition of Trump: Will He Be the Second Edition of Herbert Hoover?

by Dan Mitchell | Nov 16, 2024 | Blogs, Economics, Trade

Halfway through Trump’s first term, I used a set of scales to characterize his mixed economic policy. He had some pro-growth policies such as deregulation and tax reform, and he had some anti-growth policies such...