by Dan Mitchell | Feb 2, 2024 | Blogs, Economics
I rarely comment about media bias, but sometimes there is an example that demands attention. For today’s column, I want to examine a four-question quiz on the Biden economy put together by the Washington Post. The first...
by Dan Mitchell | Jan 31, 2024 | Blogs, Economics, Free Market, Socialism
I’ve written critical columns about the failure of Venezuelan socialism and I’ve written laudatory columns about the success of Chile’s free markets reforms. Today, let’s compare and contrast what has happened to...
by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
by Dan Mitchell | Jan 17, 2024 | Big Government, Blogs, Economics, Regulations
The great French economist from the 1800s, Frederic Bastiat, famously explained that good economists are aware that government policies have indirect effects (the “unseen”). Bad economists, by contrast, only consider direct effects (the...
by Dan Mitchell | Jan 12, 2024 | Blogs, Economics, Free Market
I narrated a video more than 10 years ago to explain the recipe for poor nations to become rich nations. Kite & Key Media has unveiled a video with a similar message. The country comparisons were the most compelling part of the video. Indeed, I’ve...
