by Dan Mitchell | Jan 4, 2021 | Big Government, Blogs, Economics
Trump was a big spender before coronavirus and he became an even-bigger spender once the pandemic began. But the White House generally didn’t add insult to injury by citing Keynesian economic theory to justify the president’s profligacy . Prior to the pandemic, the...
by Dan Mitchell | Jan 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
In an interview with Fox Business last week, I touched on three policies (easy money from the Fed, Biden’s class-warfare tax agenda, and the ever-increasing burden of federal spending) that create risks for the economy in 2021. I didn’t have a chance to elaborate in...
by Dan Mitchell | Jan 2, 2021 | Blogs, Economics, Free Market
Back on December 28, I shared four charts for the explicit reason that I wanted everyone to understand that average living standards in the western world have skyrocketed over the past few centuries. I could have used that data to clear up myths about “robber barons”...
by Dan Mitchell | Dec 28, 2020 | Blogs, Economics, Free Market
My recent three-part series (here, here, and here) explained why policy makers should seek to reduce poverty rather than inequality. I want to expand on that point today by showing why growing the pie is more important than how it is sliced. I’ve previously opined on...
by Dan Mitchell | Dec 24, 2020 | Blogs, Economics, Taxation
I don’t like higher taxes, whether looking at levies on income, capital gains, payroll, death, or consumption. But if asked to identify the worst way of hiking taxes, the wealth tax might lead the list because of the economic damage caused per dollar collected. If you...
