by Dan Mitchell | May 6, 2022 | Big Government, Blogs, Economics
Politicians in Washington very much like the idea of industrial policy. Steve Forbes, however, warns that legislation to expand cronyism would be a very bad idea. As Steve notes, politicians foolishly claim we need our own version of industrial policy...
by Dan Mitchell | May 5, 2022 | Blogs, Flat Tax, Taxation
About 14 years ago, I narrated this video about the flat tax and national sales tax (sometimes referred to as a “Fair Tax”). I used the video as an opportunity to explain that both plans effectively rip up the current internal revenue code. And both would solve...
by Dan Mitchell | May 3, 2022 | Blogs, Tax Competition, Tax Harmonization, Taxation
A few months ago, I reiterated my opposition to Biden’s proposed corporate tax cartel as part of a longer discussion with Australia’s Gene Tunny. The main takeaway is that the proposed “minimum global tax” is an agreement by politicians for the benefit of...
by Dan Mitchell | May 2, 2022 | Blogs, Education
It is very common for politicians to cause a problem with government intervention and then use the problem as an excuse for even bigger government. I call this the lather-rinse-repeat cycle of government failure. And the current controversy over...
by Dan Mitchell | May 1, 2022 | Blogs, Crime, Society
Economics in part is the analysis of how people respond to incentives (do high tax rates encourage or discourage work, do trade barriers increase or decrease prosperity, etc). This type of analysis also applies to the study of crime. For instance, do guns...
