by Dan Mitchell | Jan 14, 2016 | Blogs, Economics
Every so often my job requires an unpleasant task, and watching the State-of-the-Union Address as part of Cato’s live-tweeting program counts as one my least enjoyable experiences since joining the team. But let’s make lemonade out of lemons by looking at lessons that...
by Dan Mitchell | Aug 21, 2015 | Blogs, Europe
Bernie Sanders, Vermont’s pseudo-socialist senator, thinks that America can learn from Europe. He’s right. But he’s also wrong. That’s because he thinks that Europe is a role model to emulate rather than a warning signal of mistakes to avoid. Needless to say, that’s...
by Dan Mitchell | Mar 15, 2015 | Blogs, Economics, Minimum Wage
A few days ago, we used supply-and-demand curves to illustrate how taxes reduce economic output.Supply-and-demand curves also can be used to examine the impact of minimum wage laws on the labor market. Workers understandably will be willing to supply more labor at...
by Dan Mitchell | Jan 15, 2015 | Blogs, Economics, Minimum Wage
It’s very frustrating to write about the minimum wage. How often can you make the elementary observation, after all, that you’ll get more unemployment if you try to make businesses pay some workers more than they’re worth? But it’s my mission to promote economic...
by Dan Mitchell | Jan 12, 2015 | Blogs, Economics
For the past several years, on the issue of jobs, I’ve focused more on the employment-population ratio rather than the official unemployment rate. Both figures are important, of course, but I think the employment-population ratio has more economic meaning since our...
