by Dan Mitchell | Nov 11, 2018 | Blogs, Economics, Free Market
I periodically explain that labor and capital are the two factors of production and that our prosperity depends on how efficiently they are allocated. But I probably don’t spend enough time highlighting how they are complementary, meaning that workers and capitalists...
by Dan Mitchell | Oct 20, 2018 | Blogs, Tax Competition, Taxation
If you live in Illinois or California and you’re sick and tired of high taxes and crummy government, should you have the freedom to move to a state with no income tax, such as Florida or Texas? The answer is yes (though Walter Williams joked that leftist politicians...
by Dan Mitchell | Sep 25, 2018 | Blogs, Uncategorized
Politically aware people generally understand the policy differences between conservative and liberals (as they are currently defined, not classical liberals). For those who don’t follow politics, there’s an accurate – and amusing – guide from Playboy that explains...
by Dan Mitchell | Sep 17, 2018 | Big Government, Blogs, Economics
I’ve written many times about socialism, which is sometimes a frustrating task because the definition is slippery. I suspect the average supporter of Bernie Sanders or Alexandria Ocasio-Cortez thinks that socialism is big government, with lots of handouts financed by...
by Dan Mitchell | Sep 16, 2018 | Blogs, Economics
I periodically explain that pro-market policies are the best way of helping poor people. The reason rich countries are rich is because they had lengthy periods of limited government, free markets, and the rule of law. And the convergence literature shows that the same...
