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...
by Dan Mitchell | Dec 26, 2019 | Blogs, Economics, Socialism
Yesterday, most of us celebrated Christmas. Today, all of us should celebrate the dissolution of the Soviet Union, which officially happened on this date in 1991 (aided and abetted by a Texas grocery store). A 2016 FEE column by Richard Ebeling documents...
by Dan Mitchell | Dec 23, 2019 | Blogs, Economics, Taxation
The Trump tax plan, which was signed into law right before Christmas in 2017, had two very good features. Restricting the deduction for state and local taxes. A reduction of the corporate tax rate to 21 percent. The former was important because the federal tax code...
by Dan Mitchell | Dec 20, 2019 | Blogs, Economics
When I was in London last week for Boris Johnson’s landslide victory, many people asked me whether Trump would win again in 2020. Since I was wrong about 2016, I told them I wasn’t the right person to ask. That being said, Trump has some positive economic tailwinds....
