by Dan Mitchell | Jun 25, 2020 | Blogs
I’m a long-time critic of the Federal Reserve, Fannie Mae, and Freddie Mac, but I had no idea they would produce something as bad as the 2008 financial meltdown. It’s not easy to predict the timing and severity of a crisis. Unless we’re talking about the ticking time...
by Dan Mitchell | Jun 24, 2020 | Blogs, Economics, Taxation
Yesterday’s column focused on the theoretical argument for tax havens. At the risk of oversimplifying, I explained that the pressure of tax competition was necessary to prevent “stationary bandits” from saddling nations with “goldfish government.” And I specifically...
by Dan Mitchell | Jun 23, 2020 | Blogs, Economics, Taxation
As part of my presentation earlier this month to IES Europe, I discussed topics such as comparative economics and federalism. I also had a chance to explain why tax havens are good for global prosperity. Many of the points I made will be familiar to regular readers....
by Dan Mitchell | Jun 21, 2020 | Blogs, Crime, Society
In recent months, governments released prisoners and announced that some laws wouldn’t be enforced because of the coronavirus. Now, with protests against police misbehavior, we’re seeing governments fail to maintain law and order. As suggested by this...
by Dan Mitchell | Jun 20, 2020 | Blogs, Taxation
Assuming the goal is more prosperity, lawmakers who work on tax issues should be guided by the “Holy Trinity” of good policy. Low marginal tax rates on productive activity such as work and entrepreneurship. No tax bias (i.e., extra layers of tax) that penalizes saving...
