by Dan Mitchell | Feb 25, 2024 | Blogs, Economics
When writing about rent control in the past, I’ve used words like “horrid” and “lunacy.” And let’s not forget “folly.” The policy is (as I wrote in 2019) the “triumph of vote counting over sound economics.” This short video provides a good summary. By the way, the...
by Dan Mitchell | Feb 24, 2024 | Big Government, Blogs, Economics, Free Market, Regulations
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see...
by Dan Mitchell | Feb 16, 2024 | Blogs, Economics
A few years ago, I explained why Tucker Carlson was wrong to cite Hungary a role model. Today, let’s analyze why his (widely condemned) praise of Russia’s economy is utterly delusional. We’ll start with the big-picture comparison based on data from...
by Dan Mitchell | Feb 9, 2024 | Big Government, Blogs, Economics, Regulations
I wrote three columns about occupational licensing in 2017 (here, here, and here), but have since neglected the issue. It’s time to revisit the issue, and we’ll start with this John Stossel video. One of the reasons I’m writing about the issue is that the...
by Dan Mitchell | Feb 4, 2024 | Blogs, Economics, Free Market
I explained a few months ago how poor nations can converge with rich nations. The recipe for prosperity is actually very simple, as Adam Smith wrote centuries ago. Sadly, most governments don’t follow that recipe, largely because...
