by Dan Mitchell | Sep 30, 2025 | Blogs, Economics, Supply Side, Taxation
There are several visual ways of helping people understand how fiscal policy (and especially marginal tax rates) can change behavior. The philoso-raptor meme. The questioning worker. Supply-and-demand curves. The Wizard-of-Id parody. To augment these examples,...
by Dan Mitchell | Sep 29, 2025 | Blogs, Economics
Earlier this month, shortly after some depressing results in a regional election in Argentina, I was interviewed by Patrick Young. In this clip, I express concern Argentine voters will backslide to Peronism. As one might expect, some people are...
by Dan Mitchell | Sep 28, 2025 | Blogs, Economics, Taxation
I often explain that the Laffer Curve does not mean that tax increases result in less revenue. In the vast majority of cases, politicians will get more money if they raise tax rates. What the Laffer Curve explains is that they probably won’t...
by Dan Mitchell | Sep 26, 2025 | Blogs, Economics, Free Market
The newest edition of Economic Freedom of the World has been released by the Fraser Institute and I will continue my tradition (2024, 2023, 2022, 2021, 2020, 2019, etc) of putting a spotlight on major developments. We’ll...
by Dan Mitchell | Sep 22, 2025 | Blogs, Economics, Trade
Economic theory can be very instructive. If we understand the roles of incentives, cost-benefit analysis, and relative prices, for instance, that can help guide public policy. Higher tax rates on work will lower incentives to be productive by changing...
