by Dan Mitchell | Aug 12, 2018 | Blogs, Tax Competition, Taxation
Two months ago, I shared some data on private gun ownership in the United States and declared that those numbers generated “The Most Enjoyable Graph of 2018.” Now I have something even better because it confirms my hypothesis about tax competition being the most...
by Dan Mitchell | Aug 11, 2018 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
I’ve been writing about the Laffer Curve for decades, making the simple point that there’s not a linear relationship between tax rates and tax revenue. To help people understand, I ask them to imagine that they owned a restaurant and decided to double prices. Would...
by Dan Mitchell | Aug 10, 2018 | Blogs, Economics
When I give speeches about modern welfare states, I’ll often cite grim data from the IMF, BIS, and OECD about the very depressing fiscal consequences of ever-expanding government. And if I really want to worry an audience, I’ll augment those numbers by talking about...
by Dan Mitchell | Aug 9, 2018 | Blogs, Uncategorized
My favorite annual publication is the Fraser Institute’s Economic Freedom of the World, which measures the amount of economic liberty that exists in 159 nations. The rankings are based on five equally weighted categories, though I’ve always viewed “Legal System and...
by Dan Mitchell | Aug 8, 2018 | Blogs, Economics
I often discuss the importance of long-run growth and I pontificate endlessly about the policies that will produce better economic performance. But what about short-term fluctuations? Where are we in the so-called business cycle? I don’t think economists are good at...
