by Dan Mitchell | Jun 22, 2019 | Blogs, Economics, Europe, Socialism
I don’t think either Senator Bernie Sanders or Representative Alexandria Ocasio-Cortez actually understand that socialism is an economic system based on government ownership of the means of production, augmented by central planning, and price controls. For what it’s...
by Dan Mitchell | May 28, 2019 | Big Government, Blogs, Europe, Taxation, Welfare and Entitlements
I periodically explain that a European-sized welfare state can only be financed by huge taxes on lower-income and middle-class taxpayers. Simply stated, there aren’t enough rich people to prop up big government. Moreover, at the risk of mixing my animal metaphors,...
by Dan Mitchell | Apr 12, 2019 | Blogs, Economics, Europe
Thanks to the glorious miracle of capitalism, I’m writing this column 36,000 feet above the Atlantic Ocean. I’m on my way back from Europe, where I ground through about a dozen presentations as part of a swing through 10 countries. Most of my speeches were about the...
by Dan Mitchell | Apr 2, 2019 | Blogs, Europe
I’ve been waiting anxiously to write about Brexit, either to celebrate a “Clean Brexit” or to castigate Theresa May and the other politicians for a “Brexit in Name Only.” Except Members of Parliament can’t make up their collective mind. They’ve been voting against...
by Dan Mitchell | Feb 27, 2019 | Blogs, Europe
My views on Brexit haven’t changed since I wrote “The Economic Case for Brexit” back in 2016. It’s a simple issue of what route is most likely to produce prosperity for the people of the United Kingdom. And that means escaping the dirigiste grasp of the European...
