by Dan Mitchell | Sep 1, 2022 | Blogs, Economics, Free Market
I wrote last year that today’s Americans are much richer than their parents and grandparents (and the gap becomes even more enormous when comparing with earlier generations). But the data I cited almost surely understate the improvement in...
by Dan Mitchell | Aug 23, 2022 | Blogs, Economics
When I wrote the first edition of “Don’t Trust Economists” back in 2010, the column focused on a chart showing that economists failed to predict every major economic downturn for the previous two decades. Well, we now have some new data making the same...
by Dan Mitchell | Aug 13, 2022 | Blogs, Economics, Health Care
The central message of “Mitchell’s law” is certainly not something I concocted. Economists and other policy experts have known for a couple of hundred years that politicians have a tendency to makes mistakes and then use the resulting damage as a justification...
by Dan Mitchell | Aug 8, 2022 | Big Government, Blogs, Economics
A big argument for free enterprise over statism is that the former delivers growth while the latter leads to stagnation. And that’s very apparent when you review decades of data. The case for capitalism is especially powerful if you care...
by Dan Mitchell | Aug 5, 2022 | Blogs, Economics, Taxation
Back in 2009, I narrated a video about the downsides of class-warfare tax policy. But if you don’t want to spend eight minutes watching the video (or 14 minutes watching this video), here’s a visual that summarizes why high tax rates discourage...
