by Dan Mitchell | May 1, 2021 | Big Government, Blogs, Economics, Government Spending
Good fiscal policy means low tax rates and spending restraint. And that’s a big reason why I’m a fan of Reaganomics. Unlike other modern presidents (including other Republicans), Reagan successfully reduced the tax burden while...
by Dan Mitchell | Apr 30, 2021 | Blogs, Economics, Free Market, Supply Side
If nothing else, Biden’s big-government agenda is triggering a debate about fundamental issues, such as whether it’s a good idea to make America’s economy more like Singapore or more like Italy. In making the case for the Italian approach of higher...
by Dan Mitchell | Apr 22, 2021 | Big Government, Blogs, Economics, Government Spending
Way back in 2010, I shared this video explaining how “gross domestic product” and “gross domestic income” are basically the same number, but warning that the former leads to sloppy thinking (including the Keynesian myth that consumer spending drives the economy)....
by Dan Mitchell | Apr 12, 2021 | Blogs, Economics
While debunking OECD and IMF research on inequality, I explained that it’s important to distinguish between income that is earned honestly and loot that is obtained thanks to government cronyism. That’s also the message of this video from the...
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....
