by Dan Mitchell | Mar 3, 2022 | Big Government, Blogs, Economics, Welfare and Entitlements
Joe Biden’s economic policy has been a disaster. He’s bad on the issues where Trump was bad (spending and trade).He’s bad on the issues where Trump was good (most notably, taxes).And he’s bad on the issues where Trump had...
by Dan Mitchell | Mar 2, 2022 | Blogs, Economics
I’ve previously explained that “creative destruction” is the best and worst part of capitalism. This new video has more details. I have three goals with this video. First, I explain that trade destroys jobs. But protectionists won’t be happy with my message...
by Dan Mitchell | Feb 17, 2022 | Blogs, Economics
I’ve written columns about wonky economic concepts such as “deadweight loss” and “public goods.” Today’s topic is “rent seeking,” which is part of “public choice” and is described by Professor Alex Tabarrok of George Mason University. To elaborate, here’s a video from...
by Dan Mitchell | Feb 16, 2022 | Blogs, Free Market
When I first wrote about the Index of Economic Freedom back in 2010, the United States was comfortably among the world’s 10-freest nations with a score of 78 out of 100. By last year, America had dropped to #20, with a very mediocre score of 74.8....
by Dan Mitchell | Feb 12, 2022 | Blogs, Economics, Laffer Curve, Taxation
The Laffer Curve is a method for illustrating the relationship between tax rates, taxable income, and tax revenue. But it’s important to realize that there are actually lots of varieties. The Laffer Curve for capital gains taxes, for instance, will...
