by Dan Mitchell | Jul 5, 2011 | Big Government, Blogs, Economics, Taxation
If you want to understand how government intervention screws up markets and damages an economy, there are two new publications worth reading. First, pick up a copy of Reckless Endangerment, a new book by Gretchen Morgenson of the New York Times, and Joshua Rosner, an...
by Dan Mitchell | Jul 2, 2011 | Blogs, Economics, Minimum Wage
My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work...
by Dan Mitchell | Jun 30, 2011 | Big Government, Blogs, Economics, Taxation
e left is desperately trying to maneuver Republicans into going along with a tax increase. And they are smart to make this their top goal. After all, it will be very difficult – if not impossible – to increase the burden of government spending without more revenue...
by Dan Mitchell | Jun 14, 2011 | Blogs, Economics
The libertarian position is that government should be totally neutral whenever there is a conflict between labor and management. Unfortunately, politicians usually tilt the playing field in favor of unions, largely in response to big campaign contributions. This issue...
by Dan Mitchell | May 9, 2011 | Bailouts, Big Government, Blogs, Government Spending
Most of us have probably heard the joke about the moronic salesman who admitted to losing money on each sale but was hoping to make it up with higher volume. E.J. Dionne of the Washington Post is taking this financial approach to a new level. His column today asserts...
