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...
by Dan Mitchell | Sep 25, 2020 | Blogs, Economics, Health Care
Last November, I criticized Nancy Pelosi’s scheme to impose European-style price controls on pharmaceutical drugs in the United States. I wasn’t the only one who objected to Pelosi’s reckless idea. We have forty centuries of experience demonstrating that price...
by Dan Mitchell | Sep 23, 2020 | Blogs, Economics, Health Care
I’ve shared many videos (here, here, here, here, here, and here) explaining how government has made America’s health system expensive and inefficient. I especially recommend my 2019 speech to the European Resource Bank. Now let’s add this video to our collection. One...
by Dan Mitchell | Sep 20, 2020 | Big Government, Blogs, Economics, Free Market
Earlier this month, as part of my ongoing series about convergence and divergence, I wrote about why South Korea has grown so much faster than Brazil. My main conclusion is that nations need decent policy to prosper, and Johan Norberg shares a similar perspective in...
