by Dan Mitchell | Aug 13, 2020 | Blogs, Economics, Laffer Curve, Taxation
Last week, I gave a presentation on the Laffer Curve to a seminar organized by the New Economic School in the nation of Georgia. A major goal was to help students understand that you can’t figure out how changes in tax rates affect tax revenues without also figuring...
by Dan Mitchell | Aug 12, 2020 | Blogs, Taxation
Speculating about tax policy in 2021, with Washington potentially being controlling by Joe Biden, Chuck Schumer, and Nancy Pelosi, there are four points to consider. The bad news is that Joe Biden has endorsed a wide range of punitive tax increases. The good news is...
by Dan Mitchell | Aug 11, 2020 | Blogs, Economics
I went to George Mason University for my Ph.D. specifically because of my interest in both “public choice” and “Austrian theory.” The former deals with analyzing how politicians, bureaucrats, and voters really behave (as opposed to the naive view you may have learned...
by Dan Mitchell | Aug 10, 2020 | Big Government, Blogs, Government Spending
Compared to most of the world, Japan is a rich country. But it’s important to understand that Japan became rich when the burden of government was very small and there was no welfare state. Indeed, as recently as 1970, Japan’s fiscal policy was rated by Economic...
by Dan Mitchell | Aug 9, 2020 | Blogs, Uncategorized
Back in 2018, I shared five images that capture what it means to be libertarian. Let’s do the same thing today, except we’ll first start with a video that is interesting overall, but has some specific insights about libertarians from 5:45-7:20. Now let’s look at our...
