by Dan Mitchell | Oct 8, 2020 | Blogs, Economics, Socialism
Every so often, I’ll grouse about media sloppiness/media bias, most often from the Washington Post or New York Times, but also from other outlets (Reuters, Time, ABC, the Associated Press, etc). Let’s add to the collection today by perusing an interesting – but...
by Dan Mitchell | Oct 5, 2020 | Blogs, Economics, Free Market
While I generally don’t think recycling is economically sensible, I am going to reuse this 2013 BBC interview because it’s time (again) to criticize the economic illiteracy of Pope Francis. As I’ve previously explained, it’s good to care for the less fortunate....
by Dan Mitchell | Oct 4, 2020 | Blogs, Economics, Supply Side, Tax Competition, Taxation
Yesterday’s column featured some of Milton Friedman’s wisdom from 50 years ago on how a high level of societal capital (work ethic, spirit of self-reliance, etc) is needed if we want to limit government. Today, let’s look at what he said back then about that era’s...
by Dan Mitchell | Oct 2, 2020 | Big Government, Blogs, Economics, Regulations
When I write about regulation, I mostly focus on cost-benefit analysis. Simply stated, red tape makes it more expensive for people and businesses to do things, much as adding obstacles makes it more difficult for someone to get from Point A to Point B. So a relevant...
by Dan Mitchell | Sep 27, 2020 | Big Government, Blogs, Economics, Government Spending, Keynesian
I’ve previously written that Keynesian economics is like Freddy Kreuger. No matter how many times it is killed off by real-world evidence, it comes back to life whenever a politician wants to justify a vote-buying orgy of new spending. And there will always be...
