by Dan Mitchell | Jun 7, 2021 | Blogs, Economics
During the Obama years, I shared a cartoon strip that cleverly makes the point that some people will choose not to work if they can get enough goodies from the government. That Wizard-of-Id parody has been viewed more than 56,000 times, which suggests many...
by Dan Mitchell | Jun 5, 2021 | Blogs, Economics, Trade
Biden campaigned for higher taxes and a bigger welfare state, so I haven’t been surprised by his misguided fiscal agenda. That being said, I was modestly hopeful that he would move trade policy in the right direction after four years...
by Dan Mitchell | May 29, 2021 | Big Government, Blogs, Economics, Free Market
When I debate public policy with leftists, I frequently stump them by asking for an example of a country where their ideas have worked. They get flummoxed for the simple reason that no nation has ever become rich with big government. There are some...
by Dan Mitchell | May 27, 2021 | Blogs, Economics, Taxation
Back in 2013, the Tax Foundation published a report that reviewed 26 academic studies on taxes and growth. That scholarly research produced a very clear message: The overwhelming consensus was that higher tax rates were bad news for prosperity,...
by Dan Mitchell | May 21, 2021 | Blogs, Economics
When I was first learning about economics in the 1970s and 1980s, Arthur Okun’s equality-efficiency tradeoff was part of just about any discussion of public policy. Folks on the left acknowledged that their policies would lead to less prosperity, but they...
