by Dan Mitchell | Mar 24, 2024 | Blogs, Economics
Time for Part III in my series on the economics of creative destruction (here’s Part I and Part II). We’ll start with this clip from a recent trans-Atlantic interview. As you can see from the discussion, I openly acknowledge that the progress enabled by...
by Dan Mitchell | Feb 26, 2024 | Blogs, Economics
I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and...
by Dan Mitchell | Aug 13, 2023 | Big Government, Blogs, Regulations, Taxation
Americans can see how their states rank for overall economic liberty. Economic Freedom of North America.Freedom in the 50 States.Report on Economic Freedom. They can also see how states rank for fiscal policy. State Business Tax Climate Index.Fiscal Policy Report Card...
by Dan Mitchell | Mar 20, 2019 | Blogs, Economics, Taxation
When I write about Social Security, I normally focus on two serious deficiencies. The program was never properly designed to deal with demographic change, which means there’s a gargantuan long-run budgetary shortfall of $44 trillion. The program is a very bad deal for...
by Dan Mitchell | Sep 12, 2018 | Blogs, Economics, Taxation
If the goal is higher living standards, then higher levels of productivity are necessary. And that requires entrepreneurship and innovation. But bad tax policy can be an obstacle to the economic choices that create a better future. I’ve already shared lots of...
