by Dan Mitchell | Sep 20, 2018 | Blogs, Economics
Responding to Hurricane Harvey last year, I shared three very good videos explaining why laws against “price gouging” are misguided. Simply stated, politicians can’t wave a legislative wand and change underlying conditions of supply and demand. Laws that artificially...
by Dan Mitchell | Sep 14, 2018 | Big Government, Blogs
With Florence about to hit, it’s time to preemptively explain how the federal government makes damage more likely and why post-hurricane efforts will make future damage more likely. There are just two principles you need to understand. When Washington subsidizes...
by Dan Mitchell | Sep 4, 2018 | Big Government, Blogs
Of all the senseless things that happen in Washington, farm subsidies are especially foolish. They are a classic example of “public choice” in action, with a handful of rich (and well-connected) producers getting big bucks by ripping off consumers and taxpayers. The...
by Dan Mitchell | Sep 3, 2018 | Big Government, Blogs
Back in 2012, I was both amused and horrified to learn that the Greek government actually required entrepreneurs to submit…um…stool samples if they wanted to set up online companies. Well, there’s apparently a surplus of that…er…material on the streets of San...
by Dan Mitchell | Aug 31, 2018 | Big Government, Blogs
I don’t like it when poor people receive handouts from government, though not because I think they’re being grifters. I mostly view them as victims who are vulnerable to getting trapped in the quicksand of government dependency. The people I despise are the rich...
