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The Capital Gains Tax Should Not Be Imposed on Inflationary Gains

by Dan Mitchell | Mar 15, 2018 | Blogs, Taxation

Ideally, there should be no capital gains tax. After all, the levy is a self-destructive form of double taxation that reduces the quantity and quality of investment. And that’s not good for wages and jobs. To add insult to injury (to be more accurate, to add injury to...

A Primer on Debt, Deficits, and Public Finance

by Dan Mitchell | Mar 14, 2018 | Big Government, Blogs, Economics, Government Spending

Way back in 2009, I narrated a video explaining that people worry too much about deficits and debt. Red ink isn’t desirable, to be sure, but I pointed out that the real problem is government spending. And the bottom line is that most types of government...
Is Good Globalism Being Undermined by Bad Globalism?

Is Good Globalism Being Undermined by Bad Globalism?

by Dan Mitchell | Mar 13, 2018 | Blogs, Economics

The biggest challenge, when I talk to politicians about the free-market agenda, is convincing them that they should restrain the growth of government. To be more specific, I think they often understand and accept the argument that ever-rising fiscal burdens are bad...
Seven Adverse Consequences of Big Government

Seven Adverse Consequences of Big Government

by Dan Mitchell | Mar 12, 2018 | Big Government, Blogs, Economics, Government Spending

I’ve narrated a video on why big government is theoretically bad for an economy, another video looking at the empirical evidence on government spending and economic performance, and also a video on the growth-maximizing size of the public sector. But if you want to...
The (Highly Implausible but Theoretically Attractive) Case for Import Taxes

The (Highly Implausible but Theoretically Attractive) Case for Import Taxes

by Dan Mitchell | Mar 11, 2018 | Big Government, Blogs, Free Market

Every time I write a column criticizing Trump’s protectionism, I get pushback. Some of the resistance is from people who genuinely think trade barriers are a good thing, and I routinely respond by asking them to ponder these eight questions or these five charts. But I...
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