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...
by Dan Mitchell | Feb 28, 2022 | Big Government, Blogs
Spain is more economically backwards than most nations in Western Europe. As a public finance economist, my gut instinct is to blame bad fiscal policy. And there’s certainly plenty of evidence for that view. After all, taxes drive a...
by Dan Mitchell | Feb 21, 2022 | Big Government, Blogs, Free Market, Regulations
While specific examples can be very complex, the economic analysis of regulation is, at least in theory, quite simple. Rules and red tape impose burdens that hinder economic activity, and this leads to higher costs for businesses and consumers. These higher...
