by Dan Mitchell | Jul 14, 2021 | Big Government, Blogs, Economics, Socialism
Part I of this series looked at socialism’s track record of failure, while Part II pointed out that greater levels of socialism lead to greater levels of misery. For Part III, let’s start with this video on the economics of socialism. If the world was...
by Dan Mitchell | Jul 12, 2021 | Blogs, Economics, Free Market
I like capitalism, both because it’s moral and it delivers superior results compared to any alternative. I even have a 2-part series (here and here) on “defending capitalism” and a 5-part series on the “case for capitalism.” Part IPart...
by Dan Mitchell | Jul 2, 2021 | Economics, Supply Side, Taxation
Almost everybody (even, apparently, Paul Krugman) agrees that you don’t want to be on the downward-sloping part of the Laffer Curve. That’s where higher tax rates do so much economic damage that government collects even less revenue. But I would argue...
by Dan Mitchell | Jun 28, 2021 | Blogs, Economics, Taxation
I’ve been arguing against Biden’s proposed increase in business taxation by pointing out that higher corporate taxes will be bad news for workers, consumers, and shareholders. Everyone agrees that shareholders get hurt. After all, they’re the...
by Dan Mitchell | Jun 22, 2021 | Blogs, Economics, Free Market
Last week, I shared Part I of my discussion with John Stossel about “capitalism myths.” Here’s Part II. In the first video, we discussed three myths about free enterprise. Myth #1 – Capitalists get rich by ‘taking’ money from others.Myth #2 – The rich getting richer,...
