by Dan Mitchell | Feb 9, 2022 | Blogs, Economics, Trade
Three years ago, I unveiled this video to help explain that trade deficits are nothing to worry about. The most important thing to understand from the video is that the flip side of a trade deficit is a capital surplus. To be more specific, foreigners earn dollars by...
by Dan Mitchell | Feb 1, 2022 | Blogs, Economics
Every few years (2012, 2015, 2019), I warn that easy-money policies by the Federal Reserve are misguided. But not just because such policies eventually can lead to price inflation, which now has become a problem in the United States. Bad monetary policy also...
by Dan Mitchell | Jan 30, 2022 | Blogs, Economics, Free Market
I only share long videos when they satisfy key criteria, such as being very informative and very educational. This video from Arthur Brooks is both. What I like most is that he does a very good job of showing that concern for the disadvantaged is the...
by Dan Mitchell | Jan 17, 2022 | Blogs, Economics
To explain why politicians should not interfere with prices, I’ve shared videos from Marginal Revolution, Don Boudreaux, Learn Liberty, and Russ Roberts. To add to that collection, here’s part of a lecture by Professor Antony Davies. The bottom...
by Dan Mitchell | Jan 9, 2022 | Blogs, Economics
There are many well-meaning people who support statist policies such as punitive taxation because they believe in the zero-sum fallacy, which is explained in this short video by Madsen Pirie of London’s Adam Smith Institute. The zero-sum fallacy is especially noxious...
