by Dan Mitchell | Mar 15, 2024 | Big Government, Blogs, Regulations
I have a three-part series on why price controls are misguided (here, here, and here). In this clip from a recent appearance on Vance Ginn’s Let People Prosper, I look at the specific example of price controls on late fees. While I think my points are sound, I confess...
by Dan Mitchell | Feb 25, 2024 | Blogs, Economics
When writing about rent control in the past, I’ve used words like “horrid” and “lunacy.” And let’s not forget “folly.” The policy is (as I wrote in 2019) the “triumph of vote counting over sound economics.” This short video provides a good summary. By the way, the...
by Dan Mitchell | Feb 24, 2024 | Big Government, Blogs, Economics, Free Market, Regulations
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see...
by Dan Mitchell | Feb 17, 2024 | Big Government, Blogs, Regulations
Bureaucrats must have a knee-jerk desire to make citizens miserable. That’s the most logical explanation for their various initiatives to lower our quality of life. Inferior light bulbs Substandard toilets Inadequate washing machines Dribbling showers...
by Dan Mitchell | Feb 12, 2024 | Big Government, Blogs, Regulations
There are plenty of problems, but this image reminds me that there are not necessarily government solutions. Indeed, it is quite likely that government created the problems in the first place and that additional government intervention...
