by Dan Mitchell | May 16, 2022 | Blogs, Health Care
Most people would say high prices are the biggest problem with health care in the United States. But high prices should be viewed as the symptom of the real problem, which is “third-party payer.” And what is third-party payer? It’s the fact that consumers purchase...
by Dan Mitchell | May 6, 2022 | Big Government, Blogs, Economics
Politicians in Washington very much like the idea of industrial policy. Steve Forbes, however, warns that legislation to expand cronyism would be a very bad idea. As Steve notes, politicians foolishly claim we need our own version of industrial policy...
by Dan Mitchell | Apr 8, 2022 | Blogs
You can actually learn a lot about sensible tax policy by looking at the behavior of professional athletes and sports franchises. Simply stated, people respond to incentives. That’s true in the United States. And it’s true overseas. We...
by Dan Mitchell | Apr 4, 2022 | Blogs, Economics
In Part I of this series, Professor Don Boudreaux explained the folly of price controls, and Professor Antony Davies was featured in Part II. Now let’s see some commentary from the late, great, Milton Friedman. As Professor Friedman explained, the economics of price...
by Dan Mitchell | Mar 17, 2022 | Big Government, Blogs, Economics, Free Market, Government Spending
I’ve written about President Warren Harding’s under-appreciated economic policies. He restored economic prosperity in the 1920s by slashing tax rates and reducing the burden of government spending. I’ve also written many...
