by Dan Mitchell | Jan 27, 2024 | Big Government, Blogs
Yesterday’s column looked at featherbedding in the Washington bureaucracy. Lots of overpaid middle managers and more boxes on the federal flowchart. Basically, the real-world version of this satirical meme. Today, let’s look at mindless incompetence by a foreign...
by Dan Mitchell | Jan 26, 2024 | Big Government, Blogs, Bureaucracy, Government Waste
My “everything you need to know” columns have a common theme of highlighting stark examples to make broader points. China’s economic policies are misguided The USA is out-performing Europe People respond to tax incentives California has remarkably bad governance...
by Dan Mitchell | Jan 25, 2024 | Big Government, Blogs, Government Spending
The ideal fiscal policy is a spending cap and the specific design is not terribly important so long as the net effect is to have government spending grow slower than the private sector. Switzerland’s Debt Brake complies with this requirement....
by Dan Mitchell | Jan 24, 2024 | Blogs, States, Tax Competition, Taxation
Almost exactly one year ago, I wrote a column about a coordinated effort to impose class-warfare tax increases in seven left-wing states. Fortunately, that effort fizzled. Meanwhile, there was continued progress in other states to lower tax rates. The net...
by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
