by Dan Mitchell | Jul 9, 2022 | Blogs, Economics
The past two days have featured columns about Estonia, with the first one focusing on the nation’s impressive rebound after decades of communist enslavement and the second one criticizing the Organization for Economic Cooperation and...
by Dan Mitchell | Mar 1, 2022 | Big Government, Blogs
Redistribution is bad economic policy. As the great Thomas Sowell observed, the people who finance redistribution are hurt because they get taxed for working and producing. And the people on the receiving end often are hurt because they get lured into...
by Dan Mitchell | Jan 9, 2022 | Blogs, Economics
There are many well-meaning people who support statist policies such as punitive taxation because they believe in the zero-sum fallacy, which is explained in this short video by Madsen Pirie of London’s Adam Smith Institute. The zero-sum fallacy is especially noxious...
by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Oct 20, 2021 | Blogs, Europe
Let’s look today at one of main arguments for Biden’s tax-and-spend agenda. A column in the New York Times, authored by Spencer Bokat-Lindell, suggests that the United States needs to increase government spending on child care to “shrink the gap”...
