by Dan Mitchell | Dec 3, 2014 | Big Government, Blogs, Economics, Free Market, Tax Competition, Tax Harmonization, Taxation
The United States is burdened with some very bad policies that hinder growth and undermine competitiveness. But sometimes you can win a race if your rivals have policies that are even more self-destructive. And that’s a good description of why the U.S. economy is...
by Dan Mitchell | Nov 27, 2014 | Big Government, Blogs, Economics, Free Market
Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism. And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government. Well, if you combine those concepts,...
by Dan Mitchell | Nov 19, 2014 | Blogs, Economics, Free Market
When I wrote last week about “social capital” as a key determinant of long-run prosperity, I didn’t realize I would generate a lot of feedback. Including several requests for more information. Which creates a small problem since the field is so large that it’s...
by Dan Mitchell | Nov 12, 2014 | Big Government, Blogs, Economics, Free Market
Some of my left-wing friends have groused that Democrats didn’t do well in the mid-term elections because they failed to highlight America’s strong economic performance. I’m tempted to ask “what strong economic performance?!?” After all, median household income...
by Dan Mitchell | Nov 9, 2014 | Big Government, Blogs, Society
When discussing how to boost growth, economists often discuss the importance of human capital and physical capital. Those are key factors driving economic performance. After all, improvements in human capital mean a more productive workforce. And improvements in...
