by Dan Mitchell | Apr 9, 2021 | Blogs, Economics
In this clip from a recent interview with Gunther Fehlinger, I explore the connection between two very important important economic concepts: Convergence and Wagner’s Law. Before launching into further discussion, let’s nail down two very important definitions....
by Dan Mitchell | Mar 23, 2021 | Big Government, Blogs
I’ve been warning that the United States should not copy Europe’s fiscal policy, largely because living standards are significantly lower in nations with large welfare states. That’s true if you look at average levels of consumption in...
by Dan Mitchell | Mar 22, 2021 | Blogs, Economics, Taxation
As part of a video debate last year (where I also discussed wealth taxation, poverty reduction, and the inadvisability of tax increases), I pontificated on the negative economic impact of class-warfare taxation. To elaborate, I’m trying to help people understand why...
by Dan Mitchell | Mar 15, 2021 | Blogs, Economics
There are several false narratives about economic history, involving topics ranging from the recent financial crisis to 19th-century sweatshops. But probably the biggest falsehood, as explained in this video by Prof. Lee Ohanian, is...
by Dan Mitchell | Mar 14, 2021 | Blogs, Economics
Over the years, I’ve shared many amusing memes and cartoons about minimum wage laws. But this one, based on a skit from The Eric Andre Show, may be the best of all. Not because it’s making a different point than the others, but because what...
