by Dan Mitchell | Jan 17, 2020 | Blogs, Economics, Free Market
I’ve always been puzzled by those who criticize capitalism (“it’s unfair!” and “it’s coercive!”) and urge its overthrow or replacement. I actually agree with them that markets can be harsh, especially in the short run (think of the damage to the typewriter industry...
by Dan Mitchell | Jan 14, 2020 | Blogs, Economics, States, Tax Competition, Taxation
I wrote last week about the ongoing shift of successful people from high-tax states to low-tax states. And I’ve periodically confirmed this trend by doing comparisons of high-profile states, such as Texas vs. California and Florida vs. New York. Today, I’m going to...
by Dan Mitchell | Jan 6, 2020 | Big Government, Blogs, Economics
Just as the sun rises in the east and sets in the west, there are some consistent patterns with government. Politicians, for instance, will enact a policy that distorts the economy and causes damage (with regards to trade, bailouts, guns, health, whatever). And...
by Dan Mitchell | Jan 2, 2020 | Blogs, Economics, Trade
At the beginning of the Trump era, many of us (including me) warned that his statements on trade were nonsensical. And when Trump shifted from bad rhetoric to bad policy, Johan Norberg pointed out why trade wars are very misguided. As you might expect, Johan is...
by Dan Mitchell | Dec 28, 2019 | Blogs, Economics, Taxation
In this interview on Fox Business, I repeated my oft-stated concern that the Federal Reserve’s easy-money policy of artificially low interest rates (avidly supported by Trump) may have created the conditions for a boom-bust cycle. For today’s column, though, I want to...
