by Dan Mitchell | Feb 28, 2026 | Blogs, Economics
Back in 2024, J.D. Vance picked a fight with Frederic Bastiat. He lost, unsurprisingly. What Vance did not understand (or pretended not to understand) is that government intervention has “unseen” effects that are almost always negative. Today, let’s...
by Dan Mitchell | Nov 23, 2024 | Blogs, Economics
I have opined many times about the folly of minimum wage laws. Today, starting with this great video from Reason, let’s look at the narrower topic of wages for restaurant workers. The obvious takeaway is that government intervention has backfired. A second takeaway is...
by Dan Mitchell | Jun 6, 2024 | Big Government, Blogs
What’s the biggest problem with California? Anti-growth class-warfare tax policy? A bloated and inefficient public sector? Excessive red tape and regulation? Boondoggles like the “Train to Nowhere“? An anti-business economic climate? Bad policies...
by Dan Mitchell | Dec 29, 2023 | Big Government, Economics
As explained by public intellectuals such as Milton Friedman, Johan Norberg, John Stossel, and Orphe Divougny, the argument against minimum wage requirements is very simple. If politicians dictate that people can’t be employed unless they receive,...
by Dan Mitchell | Jun 21, 2021 | Blogs, Economics
Politicians impose higher tax costs on tobacco because they want less smoking. And environmentalists want higher gas prices so there will be less driving. And, as explained in this video, higher minimum wages for low-skilled labor will reduce...
