by Dan Mitchell | May 22, 2018 | Blogs, Economics, Free Market
This morning in Monaco, I moderated a panel for the Convention of Independent Financial Advisors on the implications of an “uber-ized” economy. In my introductory comments, I asserted that the best part of capitalism was “creative destruction.” Simply stated, we all...
by Dan Mitchell | May 21, 2018 | Blogs, Economics
I’m currently in Monaco, which is a remarkable place for two reasons. First, it has an unusual economic model. There is no income tax, and you won’t be surprised to learn that I think this helps to explain why it is the world’s richest jurisdiction. Makes me wish we...
by Dan Mitchell | May 20, 2018 | Big Government, Blogs, Economics
As a general rule, we worry too much about deficits and debt. Yes, red ink matters, but we should pay more attention to variables such as the overall burden of government spending and the structure of the tax system. That being said, Greece shows that a nation can...
by Dan Mitchell | May 19, 2018 | Big Government, Blogs, Government Spending
During the election season, I speculated Trump was a big government Republican, and he confirmed my analysis this past February when he acquiesced to an orgy of new spending and agreed to bust the spending caps. That awful spending spree gave huge increases to almost...
by Dan Mitchell | May 18, 2018 | Blogs, Tax Competition, Taxation
I almost feel guilty when I criticize the garbled economic thoughts of Pope Francis. After all, he was influenced by Peronist ideology as a youngster, so he wasprobably a lost cause from the beginning. Moreover, Walter Williams and Thomas Sowell have already dissected...
