by Dan Mitchell | Aug 30, 2021 | Blogs, Capital Gains, Economics, Taxation
Public finance theory teaches us that the capital gains tax should not exist. Such a levy exacerbates the bias against saving and investment, which reduces innovation, hinders economic growth, and lowers worker compensation. All...
by Dan Mitchell | Aug 26, 2021 | Big Government, Blogs, Economics
I periodically warn that the United States is on a path to become a European-style welfare state. That sounds good to some people since it implies lots of goodies paid for by other people. So I always explain that there’s a downside. The economic...
by Dan Mitchell | Aug 23, 2021 | Blogs, Economics, Free Market
I’ve made the case for capitalism (Part I, Part II, Part III, Part IV, and Part V) and the case against socialism (Part I, Part II, and Part III), while also noting that there’s a separate case to be made...
by Dan Mitchell | Aug 22, 2021 | Blogs, Economics, Taxation
Long-time readers know that I periodically pour cold water on the notion that China is an economic superstar. Yes, China did engage in some economic liberalization late last century, and those reforms should be applauded because they...
by Dan Mitchell | Aug 21, 2021 | Blogs, Economics
Like most libertarians, I favor drug legalization for the simple reason that people should have control over their own bodies, even if they’re doing something stupid. But I’ve never claimed legalization is a zero-cost policy. Instead, as I...
