by Dan Mitchell | Apr 1, 2020 | Big Government, Blogs, Economics, States, Taxation
The crowd in Washington has responded to the coronavirus crisis with an orgy of borrowing and spending. The good news is that the legislation isn’t based on the failed notion of Keynesian economics (i.e., the belief that you get more prosperity when the government...
by Dan Mitchell | Mar 24, 2020 | Blogs, Economics, Health Care
In the past couple of weeks, we’ve discussed a bunch of coronavirus-related issues, ranging from big-picture topics such as the proper role of government and the catastrophic downsides of excessive bureaucracy to more-focused topics such as how gun control puts...
by Dan Mitchell | Mar 17, 2020 | Blogs, Economics, Free Market
After Hitler’s National Socialists were defeated in World War II, the allies imposed price controls on the German economy for the ostensible purposes of fighting inflation and preventing “price gouging.” That policy led to massive shortages, black markets, and...
by Dan Mitchell | Mar 4, 2020 | Blogs, Economics, Monetary Policy
The coronavirus is a genuine threat to prosperity, at least in the short run, in large part because it is causing a contraction in global trade. The silver lining to that dark cloud is that President Trump may learn that trade is actually good rather than bad. But...
by Dan Mitchell | Feb 23, 2020 | Blogs, Economics, Trade
Early last year, I shared a video explaining that trade deficits generally don’t matter. I even suggested trade deficits might be a sign of economic strength because foreigners who earned dollars were anxious to invest them in the American economy. I’m recycling this...
