by Dan Mitchell | Nov 12, 2019 | Blogs, Economics, Health Care
Yesterday, I shared part of an interview that focused on Mayor Pete Buttigieg’s scheme to give more subsidies to colleges, thus transferring money from poorer taxpayers to richer taxpayers. Here’s the other part of the interview, which revolved around a very bad idea...
by Dan Mitchell | Nov 6, 2019 | Blogs, Economics, Free Market
Last month, I criticized the New York Times for a very inaccurate attack against Chile’s successful pro-market reforms. The paper’s editorial asserted that only the rich have gained, a view that is utterly nonsensical and inaccurate. Indeed, I visited Chile about a...
by Dan Mitchell | Nov 5, 2019 | Big Government, Blogs, Economics, Free Market
Many libertarians support capitalism because of ethics and morality. Simply stated, they want an economic system based on voluntary exchange compared to statist alternatives (socialism, fascism, communism, etc) that rely on government coercion. I also like the...
by Dan Mitchell | Oct 29, 2019 | Blogs, Economics, Free Market
In early September, I wrote about how capital and labor are both necessary to create prosperity. Economists sometimes explain this with lots of jargon, referring to capital and labor as “factors of production” and pointing out how they are “complementary.” In ordinary...
by Dan Mitchell | Oct 28, 2019 | Big Government, Blogs, Economics, Regulations
The World Bank has released its annual report on the Ease of Doing Business. Unsurprisingly, the top spots are dominated by market-oriented jurisdictions, with New Zealand, Singapore, and Hong Kong (at least for now!) winning the gold, silver, and bronze. The United...
