by Dan Mitchell | Jun 15, 2018 | Blogs, Economics, Taxation
One of the core principles of economics is that prices are determined by supply and demand. That includes the price of labor – i.e., the wages received by workers. Another core principle is that taxes create distortions by reducing demand and supply. Which is why it’s...
by Dan Mitchell | Sep 9, 2016 | Big Government, Blogs, Economics, Regulations
Frederic Bastiat, the great French economist (yes, such creatures used to exist) from the 1800s, famously observed that a good economist always considers both the “seen” and “unseen” consequences of any action. A sloppy economist looks at the recipients of government...
by Dan Mitchell | Apr 24, 2014 | Blogs, Economics
Early last month, I wrote an article for The Federalist on job creation. I used that opportunity to document that there is a serious problem with jobs under Obama, and I explained that the problem existed in part because the President was intervening with so-called...
by Dan Mitchell | Mar 13, 2014 | Big Government, Blogs, Economics, Minimum Wage, Regulations
I wish there was a magic wand that somebody could wave and all of us would have more money. Or maybe Santa Claus could play that role, or some version of the Tooth Fairy. And if that magic person only had limited powers, I would want more money specifically for those...
by Dan Mitchell | Dec 26, 2010 | Big Government, Blogs, Free Market, Taxation
The world is a laboratory and different nations are public policy experiments. Not surprisingly, the evidence from these experiments is that nations with more freedom tend to grow faster and enjoy more prosperity. Nations with big governments, by contrast, are more...
