by Dan Mitchell | Apr 17, 2024 | Blogs, Economics, Trade
Five years ago, I shared this video explaining why trade deficits generally don’t matter. The most important thing to understand is that a trade deficit is the same thing as a financial account surplus (formerly known as a capital surplus), which is easy to...
by Dan Mitchell | Jan 1, 2024 | Big Government, Blogs, Education, Government Spending, Welfare and Entitlements
As usual (2023, 2022, 2021, 2020, 2019, 2018, etc), let’s start the year by listing three things I’m hoping for and three things I worry may happen. Let’s start with the potential good news. Here are the three things that plausibly could...
by Dan Mitchell | Dec 19, 2023 | Blogs, Trade
I like to think that my four-part video series on trade (here, here, here, and here) has a lot of useful facts and analysis. But I overlooked a very persuasive argument. Here are the world’s more protectionist and most pro-trade jurisdictions, according...
by Dan Mitchell | Dec 18, 2023 | Blogs, Trade
I narrated this video in 2019, hoping that it would help people understand why free trade is good and protectionism is bad. Sadly, American politicians don’t appreciate that message. Trump was a protectionist and Biden has followed the same...
by Dan Mitchell | Dec 15, 2023 | Blogs, Energy, Taxation
I’m a fan of the no-tax increase pledge for the simple reason that our greatest economic threat is the rising burden of government spending. And since there are only three ways that politicians can finance spending (taxes, borrowing,...
