by Dan Mitchell | Sep 21, 2019 | Blogs
Here’s a simple quiz to determine whether you should support a candidate like Bernie Sanders or Elizabeth Warren: Would you embrace a policy that increased income for poor Americans by 10 percent if it also happened to increase income for rich Americans by 15 percent?...
by Dan Mitchell | Jun 18, 2019 | Blogs, Economics, Free Market
The candidates for the 2020 Democratic nomination are competing to offer the most statist agenda, with Crazy Bernie, Elizabeth Sanders, and Kamala Harris being obvious examples. But let’s not overlook Mayor Pete Buttigieg. He has a moderate demeanor, but he’s been...
by Dan Mitchell | May 21, 2019 | Blogs, Economics
Looking at issues such as mobility, fairness, and inequality, I’ve recently shared excellent videos from Russ Roberts and John Stossel. I also had an opportunity to discuss these issues yesterday on CNBC. As you can see, I started with a political observation about...
by Dan Mitchell | May 20, 2019 | Blogs, Economics
In the debate over “fairness,” my statist friends mistakenly see the economy as a fixed pie. This leads them to claim that rich people are rich because poor people are poor. But there’s no data to support this position (other than in kleptocracies such as Venezuela...
by Dan Mitchell | May 12, 2019 | Blogs, Economics
Because they wrongly assume the economy is a fixed pie, some of my friends on the left think it’s bad for there to be rich people. They actually think that must mean the rest of us have less income. But that’s not true. At least it’s not accurate if we start with the...
