by Dan Mitchell | Feb 1, 2024 | Blogs, Taxation
By providing bailouts to profligate governments, the International Monetary Fund creates “moral hazard” and thus does considerable damage to the global economy. To make matters worse, the IMF pressures those profligate...
by Dan Mitchell | Jan 31, 2024 | Blogs, Economics, Free Market, Socialism
I’ve written critical columns about the failure of Venezuelan socialism and I’ve written laudatory columns about the success of Chile’s free markets reforms. Today, let’s compare and contrast what has happened to...
by Dan Mitchell | Jan 30, 2024 | Blogs, Taxation, VAT
I wrote 10 days ago about why a value-added tax would be a mistake for the United States. To help reinforce that argument, here’s a new map from the Tax Foundation showing VAT rates on the other side of the Atlantic Ocean. With a few exceptions...
by Dan Mitchell | Jan 29, 2024 | Big Government, Blogs, Government Spending, States, Taxation
The good news is that Louisiana voters recently voted to lower their state’s top income tax rate. The bad news is that Louisiana’s economic policy still leaves much to be desired. Ranked #40 by the Tax Foundation. Ranked #26 by the Fraser...
by Dan Mitchell | Jan 28, 2024 | Big Government, Blogs
What’s the worst-governed city in the United States? Chicago? New York City? San Francisco? Minneapolis? Seattle? Detroit? According to researchers, the answer is none-of-the-above. The right answer is either Riverside, CA or Oakland, CA. But that...
