by Geoffrey MacLeay | Jan 24, 2010 | Economic Growth, Free Market, Taxation
In a National Review Online article, Kevin Williamson notes that a proposed federal banking tax seems purely inspired by vilification politics, but will none-the-less put American banks at a very real competitive disadvantage in the global market: The new proposed tax...
by Dan Mitchell | Jan 21, 2010 | Blogs, Economic Growth, Free Market
As reported by the Financial Times, Sebastian Pinera, the brother of Cato’s Jose Pinera, was elected President of Chile this weekend. The press is viewing Pinera’s election through the right-left lens of Latin American politics, but this is a bit...
by Dan Mitchell | Jan 19, 2010 | Blogs, Economic Growth, Free Market
Do stores in low-income neighborhoods charge higher prices because of racism, or greed? That’s what some academics argue, but Tom Sowell points out that there are real economic factors that drive pricing decisions. The example below is about stores, but his IBD...
by Dan Mitchell | Jan 15, 2010 | Blogs, Economic Growth, Free Market
Sometimes a picture really does tell a thousand words. Here’s a chart, based on data from the Philadelphia Fed, showing actual economic results compared to the predictions of professional economists. As you can see, my profession does a wretched job. Comparisons...
by Dan Mitchell | Jan 13, 2010 | Blogs, Economic Growth, Free Market
Appearing on Larry Kudlow’s show, Dan Mitchell debates this topic. More important, he asks the fundamental question of whether there should be any government intervention in housing...
