by Dan Mitchell | Dec 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Earlier this year, extrapolating from a study by the nonpartisan Congressional Budget Office, Robert O’Quinn (former Chief Economist at the Department of Labor) and I authored a study on the economic impact of Biden’s fiscal plan. The results...
by Dan Mitchell | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
by Dan Mitchell | Nov 24, 2021 | Blogs, Economics, Free Market
There are certain topics that seem to be slam-dunk wins for those who favor free markets and limited government, and one reason I make this assertion is that folks on the left don’t even bother to make counter-arguments. Here are just a few examples: Nobody on...
by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Nov 14, 2021 | Blogs, Economics
There are some issues – such as class-warfare tax rates and the minimum wage – where intelligent people on the left will privately admit being wrong (or at least they will admit adverse consequences). Another example is rent control. Indeed,...
