by Dan Mitchell | Oct 20, 2024 | Blogs, Economics
With hurricane season (hopefully) coming to a close, this is a good opportunity to share this video from John Stossel about the absurdity of government-subsidized insurance in flood-prone areas. Kudos to Rand Paul for addressing this issue. It’s a textbook case of...
by Dan Mitchell | Oct 5, 2024 | Blogs, Economics
Industrial policy is when politicians and bureaucrats use various combinations of tax, spending, and regulatory policies to steer the economy. In other words, they are putting their thumbs on the scale to pick winners and losers. It means replacing the...
by Dan Mitchell | Sep 20, 2024 | Big Government, Blogs, Economics, Taxation
Let’s look today at two of the worst public policy ideas, proposals that are so economically illiterate that they get support only from very dogmatic leftists. We’ll start with the deduction for state and local taxes. Since I’m a fan of the flat tax, I don’t...
by Dan Mitchell | Sep 8, 2024 | Big Government, Blogs, Economics
I periodically explain that the world is a laboratory, filled with experiments that teach (or should teach) that we get more prosperity with free markets and limited government. Today, let’s look at the global laboratory and see what it teaches us...
by Dan Mitchell | Sep 4, 2024 | Big Government, Blogs, Economics
Four years ago, I shared a video that explained that 19th century cronyism and industrial policy in America was just as wasteful, corrupt, and ineffective as the 20th century version (think Japan) or the 21st century version...
