by Dan Mitchell | Aug 23, 2020 | Blogs, Economics, Free Market
This video from Dan Hannan crams 10,000 years of human history into 5 minutes. We learn about the “stationary bandit” of government and find out how our ancestors endured pervasive oppression and misery. But there’s a happy ending to the story. It’s called capitalism....
by Dan Mitchell | Aug 20, 2020 | Blogs, Economics
The best feature of libertarians is that we are very principled and look at everything through the lens of the non-aggression principle. By contrast, the worst feature of politics, as explained by the Ninth Theorem of Government, is that it encourages people look at...
by Dan Mitchell | Aug 17, 2020 | Blogs, Economics
In 2018, I shared a video from Professor Russ Roberts (a.k.a., @econtalker) on the economic status of the middle class, followed by a video last year on whether the rich are the only ones earning more income. Today, we’ll look at his video on household income and...
by Dan Mitchell | Aug 14, 2020 | Big Government, Blogs, Economics, Government Spending, Keynesian
Last week, I shared some data showing how the economy enjoyed a strong recovery from recession in the early 1920s when President Warren Harding cut government spending. (And these were genuine cuts, not the nonsense we get from today’s politicians, who claim they’ve...
by Dan Mitchell | Aug 13, 2020 | Blogs, Economics, Laffer Curve, Taxation
Last week, I gave a presentation on the Laffer Curve to a seminar organized by the New Economic School in the nation of Georgia. A major goal was to help students understand that you can’t figure out how changes in tax rates affect tax revenues without also figuring...
