by Dan Mitchell | May 16, 2019 | Blogs, Economics
I shared a video last year that pointed out that Americans live in a nation that became prosperous thanks to “creative destruction.” That’s the term developed by Joseph Schumpeter to describe the economic churning caused by competition, innovation, and markets...
by Dan Mitchell | May 9, 2019 | Blogs, Trade
When I want to feel optimistic about China, I look at data from Economic Freedom of the World to confirm that there was a lot of economic liberalization (triggered in part by some civil disobedience) between 1980 and the early 2000s. Then I look at how that period of...
by Dan Mitchell | May 9, 2019 | Opinion and Commentary
Originally published by Inside Sources on May 8, 2019. President Donald Trump has launched a new attack in his trade war with China, which earned a big thumbs-down from financial markets. Is it possible, though, that his bluster will produce a good long-run deal to...
by Dan Mitchell | May 6, 2019 | Blogs, Economics, Taxation, Trade
Back in 2015, when Trump was a long-shot candidate for the Republican nomination, I criticized him for not signing the no-tax-hike pledge. But he then pushed through a better-than-expected tax plan after getting the White House. And that package reduces the tax burden...
by Dan Mitchell | Apr 22, 2019 | Blogs, Trade
When I pontificate about trade, I often point out that protectionism is a net negative for the economy. Yes, it is possible to erect trade barriers that benefit specific sectors and protect certain jobs, and this is the “seen” benefit. But the “unseen” costs...
