by Dan Mitchell | Jan 8, 2022 | Blogs, Economics, Free Market
I have shared five videos (Part I, Part II, Part III, Part IV, and Part V) that make the case for capitalism. Here’s a sixth example. The video notes that poverty was the natural condition for humanity (notwithstanding the economic...
by Dan Mitchell | Jan 6, 2022 | Blogs, Economics, Free Market, Welfare and Entitlements
I created the Eighth Theorem of Government to illustrate the difference between well-meaning people (who want to help the poor) and zero-sum people (who seem to think some people are poor because other people are rich). This raises the...
by Dan Mitchell | Jan 5, 2022 | Blogs, Economics, Free Market
As I warned a few days ago, Biden’s so-called Build Back Better plan is not dead. There’s still a significant risk that this economy-sapping plan will get enacted, resulting in big tax increases and a larger burden of government spending....
by Dan Mitchell | Dec 6, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Regarding fiscal policy, almost everyone’s attention is focused on Biden’s growth-sapping plan to increase the burden of taxes and spending. People are right to be concerned. If the President’s plan is approved, the already-grim fiscal outlook for...
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...
