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Fiscal Fights with Friends: Tax Increases Don’t Improve National Well-Being

Fiscal Fights with Friends: Tax Increases Don’t Improve National Well-Being

by Dan Mitchell | Mar 27, 2024 | Big Government, Blogs, Economics, Government Spending

Last year, I filled out a do-it-yourself federal budget prepared by the Washington Post and another one put together by the Committee for a Responsible Federal Budget. In both cases, my main complaint was that they did not give enough...
More Good News Thanks to Colorado’s TABOR Spending Cap

More Good News Thanks to Colorado’s TABOR Spending Cap

by Dan Mitchell | Mar 25, 2024 | Big Government, Blogs, Government Spending, States

Colorado has the best fiscal rule in the United States. The Taxpayer Bill of  Rights (TABOR) limits state government spending so that it cannot grow faster than inflation plus population. Does Colorado’s spending cap work perfectly?...
The Economics of Creative Destruction, Part III

The Economics of Creative Destruction, Part III

by Dan Mitchell | Mar 24, 2024 | Blogs, Economics

Time for Part III in my series on the economics of creative destruction (here’s Part I and Part II). We’ll start with this clip from a recent trans-Atlantic interview. As you can see from the discussion, I openly acknowledge that the progress enabled by...
Beware Bad Budget Deals, Part III

Beware Bad Budget Deals, Part III

by Dan Mitchell | Mar 23, 2024 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements

I’ve already written two columns (here and here) about why a “bipartisan” budget deal would be a recipe for higher taxes and bigger government. To start our third installment in this series, here’s a clip from my recent appearance on Vance Ginn’s Let People...

Democrats, Republicans, and Job Creation

by Dan Mitchell | Mar 22, 2024 | Blogs, Economic Growth

About 12 years ago, there was a controversial claim (based in part on some of my analysis) that Obama was the most fiscally conservative president of the 1980-2012 period, which includes Reagan. I crunched the numbers to show where that claim was true...
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