by Dan Mitchell | Apr 11, 2022 | Big Government, Blogs
Keynesian economics is based on the misguided notion that consumption drives the economy. In reality, high levels of consumption should be viewed an indicator of a strong economy. The real drivers of economic strength are private investment and private...
by Dan Mitchell | Apr 10, 2022 | Blogs, Tax Competition, Taxation
I’m a big fan of federalism. It gives people more freedom to choose the type of economic policy they prefer.A system of federalism promotes jurisdictional competition and policy innovation.Decentralization generates more evidence in...
by Dan Mitchell | Apr 9, 2022 | Blogs, Tax Competition, Taxation
As a fan of sensible tax policy and tax competition, I could not resist the opportunity to visit Andorra on my current trip to Europe (as part of the Free Market Road Show). Here’s a chart that will tells you everything you need to know....
by Dan Mitchell | Apr 8, 2022 | Blogs
You can actually learn a lot about sensible tax policy by looking at the behavior of professional athletes and sports franchises. Simply stated, people respond to incentives. That’s true in the United States. And it’s true overseas. We...
by Dan Mitchell | Apr 7, 2022 | Blogs, Tax Competition, Taxation
I wrote a few days ago about Biden’s plan to impose punitive double taxation on dividends. But that’s not an outlier in his budget. As you can see from this table from the Tax Foundation, he wants to violate the principles of...
