by Dan Mitchell | Sep 17, 2021 | Big Government, Blogs, Economics, Taxation
The Biden Administration’s approach to tax policy is awful, as documented here, here, here, and here. We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means...
by Dan Mitchell | Sep 16, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
More than 10 years ago, I wrote about President Obama’s disingenuous strategy of pretending that spending increases were tax cuts. Politicians in Washington have come up with something far more impressive than turning lead into gold or water into wine. Using...
by Dan Mitchell | Sep 15, 2021 | Blogs, Economics, Free Market, Uncategorized
The Fraser Institute in Canada has released its latest edition of Economic Freedom of the World, an index that measure and ranks nations based on whether they follow pro-growth policy. Based on the latest available data on key indicators such...
by Dan Mitchell | Sep 14, 2021 | Blogs, Taxation
When I discuss class-warfare tax policy, I want people to understand deadweight loss, which is the term for the economic output that is lost when high tax rates discourage work, saving, investment, and entrepreneurship. And I especially want them to understand...
by Dan Mitchell | Sep 13, 2021 | Blogs, Health Care
Just like I’ve never had (until recently) any reason to define capitalism, I also have never felt any need to define libertarianism. Some people use the non-aggression principle, but that strikes me as more of a statement about how we should behave. What if...
