by Dan Mitchell | Jun 21, 2021 | Blogs, Economics
Politicians impose higher tax costs on tobacco because they want less smoking. And environmentalists want higher gas prices so there will be less driving. And, as explained in this video, higher minimum wages for low-skilled labor will reduce...
by Dan Mitchell | Jun 20, 2021 | Blogs, Economics, Supply Side, Taxation
When studying the economic of taxation, one of the most important lessons is that there should be low marginal tax rates on work, saving, investment, and entrepreneurship. That’s also the core message of this video from Prof. John Cochrane. I...
by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending
Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
by Dan Mitchell | Jun 16, 2021 | Blogs, Economics, Free Market
I was a big fan of (and occasional guest on) John Stossel’s TV show, and I’m now a big fan of his videos (see here, here, here, here, here, here, and here). So it was an honor to appear in his latest video about...
by Dan Mitchell | Jun 8, 2021 | Economics
I’ve spent several decades trying to convince people that we should have free markets and small government in order to increase national prosperity. Indeed, I’ve even pointed out how very small increases in annual growth can lead to big...
