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...
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...
