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Three Cheers for (Capitalist) Robber Barons

Three Cheers for (Capitalist) Robber Barons

by Dan Mitchell | May 9, 2023 | Blogs, Economics

Narratives matter in public policy, often in an unfortunate manner. People used to believe (and some still do) that the Great Depression was caused by capitalism and that President Roosevelt’s interventions rescued the economy. Those...
The European Union Threatens Global Prosperity with Carbon Protectionism

The European Union Threatens Global Prosperity with Carbon Protectionism

by Dan Mitchell | Apr 27, 2023 | Blogs, Economics, Europe, Trade

Recent years have been very depressing for supporters of free trade. Trump pushed protectionist policies. Now Biden is pushing protectionist policies. And the European Union is pushing protectionist policies using global warming as an excuse. More...
Government Debt-to-GDP Ratio Is Falling, but for a Very Bad Reason

Government Debt-to-GDP Ratio Is Falling, but for a Very Bad Reason

by Dan Mitchell | Apr 21, 2023 | Big Government, Blogs, Economics, Government Spending

I rarely write about the national debt for the simple reason that it is far more important to focus on the burden of government spending. After all, improper spending saps economic vitality, regardless of whether it is financed...
Government Should Stand Aside on JetBlue-Spirit Airlines Merger

Government Should Stand Aside on JetBlue-Spirit Airlines Merger

by Dan Mitchell | Mar 29, 2023 | Opinion and Commentary

Originally published by Townhall on March 27, 2023. It’s no secret that the airline industry is not especially popular these days. High costs, hidden fees, and canceled flights are frequent sources of customer dissatisfaction. Travelers need a win, which makes it...
Understanding Keynesian Economics

Understanding Keynesian Economics

by Dan Mitchell | Mar 29, 2023 | Big Government, Blogs, Economics, Government Spending

While speaking last week at the Acton Institute in Michigan, I responded to a question about the perpetual motion machine of Keynesian economics. For purposes of today’s column, let’s try to understand the Keynesian viewpoint. First and foremost, they think spending...
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