by Dan Mitchell | May 15, 2020 | Blogs, Economics, Trade
Last year, I released this video to help explain why the World Trade Organization has been a good deal for the United States. My argument was – and still is – very straightforward, and it’s based on two simple propositions. Free trade is good because societies are...
by Dan Mitchell | May 12, 2020 | Blogs, Economics, Taxation
I’ve explained the economics of taxation, which is based on the common-sense notion that you get less productive economic activity when taxes drive a bigger wedge between pre-tax income and post-tax consumption. Simply stated, the more you tax of something, the less...
by Dan Mitchell | Apr 28, 2020 | Big Government, Blogs, Economics
Like many supporters of individual liberty, I’m an anti-majoritarian. I don’t want my freedom to be at the mercy of 51 percent of the population. For all intents and purposes, I want the Supreme Court to protect the country from democracy. So, based solely on the...
by Dan Mitchell | Apr 23, 2020 | Blogs, Economics
Remember the “jobless recovery” of the Obama years? Part of the problem was that President Obama kept extending unemployment benefits, which subsidized joblessness, as even Paul Krugman and Larry Summers had warned. The good news was that Congress eventually said no...
by Dan Mitchell | Apr 22, 2020 | Blogs, Economics, Taxation
The folks who don’t want to let a crisis go to waste have been very busy in the era of coronavirus, pushing an ever-expanding menu of bad ideas. Propping up high-tax states such as New York, Illinois, and California by restoring the tax code’s deduction for state and...
