by Dan Mitchell | Dec 20, 2020 | Big Government, Blogs, Economics, Regulations
Regulatory policy is one of the five ingredients in the recipe for growth and prosperity. Ideally, there should be a minimal amount of red tape, and it should be governed by sensible cost-benefit analysis (i.e., so it deals with genuine externalities such as...
by Dan Mitchell | Dec 18, 2020 | Blogs, Economics
According to the Fraser Institute’s Economic Freedom of North America, the most economically free jurisdiction in North America used to be the Canadian province of Alberta. But Alberta then slipped and New Hampshire claimed the top position. And, according to the...
by Dan Mitchell | Dec 16, 2020 | Blogs, Economics
In my humble opinion, Ronald Reagan was the only president in my lifetime who deserves praise for both believing in liberty and delivering good results. His sound policies help to explain why the economy boomed after his policies were implemented, which is in stark...
by Dan Mitchell | Dec 13, 2020 | Blogs, Economics
I’m not a fan of the European Union, which has morphed from something good (a free-trade pact) to something bad (a pro-centralization, wannabe United States of Europe that exacerbates the continent’s tax-and-spend mentality). Indeed, that’s why I’m a huge fan of...
by Dan Mitchell | Dec 9, 2020 | Big Government, Blogs, Economics, Government Spending
At the risk of oversimplification and exaggeration, these six principles tell you everything you need to know about fiscal policy. For purposes of today’s column, let’s focus on Principle #3, which is that “Deficits and debt are symptoms of the underlying problem” of...
