by Dan Mitchell | Jun 6, 2020 | Blogs, Economics
Do you want to understand the International Monetary Fund’s (IMF) pernicious role in the global economy? Here’s a simple analogy that will tell you everything you need to know. Let’s say you have two friends. Friend A, who continuously gets in financial trouble...
by Dan Mitchell | Jun 5, 2020 | Blogs, Economics
Yesterday, I shared some research showing how misguided redistribution policies lead to high implicit marginal tax rates that discourage work. Then I was interviewed about a very tangible example of this phenomenon – jobless benefits that give people more money than...
by Dan Mitchell | Jun 4, 2020 | Big Government, Blogs, Taxation, Welfare and Entitlements
Back in 2016, I shared an image that showed how the welfare state punishes both the poor and rich. Rich people are hurt for the obvious reason. They get hit with the highest statutory tax rates, and also bear the brunt of the double taxation (the extra layers of tax...
by Dan Mitchell | Jun 3, 2020 | Big Government, Blogs, Government Spending
Should high-tax states such as California and New York get a bailout? I explained last month why that would be a mistake, in large part because bailouts would reward states for irresponsible fiscal policy (similar to my argument that countries like Austria and the...
by Dan Mitchell | Jun 2, 2020 | Blogs, Crime, Society
In some cities, legitimate protests about abusive and improper police behavior have degenerated into riots. One consequence of this mayhem is that police don’t have the manpower to effectively protect households and businesses. In same cases, as shown by this tweet, a...
