by Dan Mitchell | Mar 7, 2022 | Blogs, Economics
As part of my ongoing efforts to show that free enterprise produces better results than statism, I often use data on per-capita economic output – especially when comparing nations over long periods of time. And I’ll sometimes build upon those...
by Dan Mitchell | Mar 4, 2022 | Big Government, Blogs
Yesterday’s column explained that Biden’s proposals to expand the welfare state were bad news, in part because government subsidies often lead to inefficiency and higher prices. That’s not a smart strategy when inflation already is at...
by Dan Mitchell | Feb 1, 2022 | Blogs, Economics
Every few years (2012, 2015, 2019), I warn that easy-money policies by the Federal Reserve are misguided. But not just because such policies eventually can lead to price inflation, which now has become a problem in the United States. Bad monetary policy also...
by Dan Mitchell | Aug 3, 2021 | Blogs, Economics, Monetary Policy
I’m not a big fan of the Federal Reserve, mostly because of its Keynesian monetary policy. Incumbent politicians often applaud when the central bank intervenes to create excess liquidity and artificially low interest rates. That’s because the...
by Dan Mitchell | Jul 1, 2019 | Blogs, Capital Gains, Economics, Taxation
One of the worst features of the internal revenue code is the pervasive bias against income that is saved and invested. People who immediately consume their after-tax income are largely untaxed (thankfully, we don’t have a value-added tax), but there are several...
