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...
by Dan Mitchell | Apr 22, 2020 | Blogs, Economics, Trade
One year ago, I shared this video to explain why a “trade deficit” doesn’t matter, in large part because it is simply a result of foreigners wanting to invest in America’s economy with some of the dollars they earn. We also have a trade deficit, I pointed out, because...
by Dan Mitchell | Apr 20, 2020 | Blogs, Economics, Trade
Nine days ago, I wrote about Dana Milbank scoring an “own goal” because he claimed we needed bigger government to deal with coronavirus, yet all the nations he cited for their effective responses actually have a much smaller fiscal burden than the United States....
by Dan Mitchell | Apr 17, 2020 | Big Government, Blogs, Economics
Exactly one month ago, I wrote “A Primer on Price Gouging” to explain why government-mandated price controls are an unwise response when prices for certain goods climb after a disaster. Here’s a video from Johan Norberg on the topic. And here’s Professor Michael...
