by Dan Mitchell | Nov 11, 2025 | Big Government, Blogs, Economics, Socialism
In this new interview with John Stossel, I explained that cronyism and socialism are bad, while creative destruction is good. The discussion focuses on Trump’s troubling desire to have partial government ownership of various companies. I’ve already written...
by Dan Mitchell | Aug 23, 2025 | Blogs, Economics, Socialism
When Zohran Mamdani won the Democratic nomination in the New York City Mayor’s race, many Republicans warned that his plan for government-run grocery stores was socialism. Since Mamdani wasn’t threatening (at least not yet) to shut down...
by Dan Mitchell | Apr 8, 2025 | Blogs, Taxation
When I write about tax reform, I emphasize that there are three equally important features of the flat tax. One low tax rate on productive behavior. No double taxation of saving and investment. No distorting and inefficient loopholes. Regarding the third...
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 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...
