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Five Illuminating Charts and Tables about Trade and Protectionism

by Dan Mitchell | Jan 30, 2017 | Blogs, Economics

I was recently interviewed on Fox Business Network about Trump’s policies and the economy, and the discussion jumped around from issues such as border-adjustable taxation to energy regulation. Though the central theme of the discussion was whether Trump had good ideas...
Centralization and the Decline of Europe

Centralization and the Decline of Europe

by Dan Mitchell | Jan 29, 2017 | Big Government, Blogs, Economics

The famous French diplomat Charles Maurice de Talleyrand supposedly said that a weakness of the Bourbon monarchs was that they learned nothing and forgot nothing. If so, the genetic descendants of the Bourbons are now in charge of Europe. But before explaining why,...
A Lower Corporate Tax Means More Growth and Higher Wages

A Lower Corporate Tax Means More Growth and Higher Wages

by Dan Mitchell | Jan 28, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation

Yesterday was “Australia Day,” which I gather for Aussies is sort of like the 4th of July for Americans. To belatedly celebrate for our friends Down Under, I suppose we could sing Waltzing Matilda. But since I’m a policy wonk with a special fondness for the nation,...

New CBO Numbers and the Simple Formula for Good Fiscal Policy, Part II

by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending, Taxation

Based on new 10-year fiscal estimates from the Congressional Budget Office, I wrote yesterday that balancing the budget actually is very simple with a modest bit of spending restraint. If lawmakers simply limit annual spending increases to 1 percent annually, the...

New CBO Numbers and the Simple Formula for Good Fiscal Policy, Part I

by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending

The Congressional Budget Office, as part of The Budget and Economic Outlook: 2017 to 2027, has just released fiscal projections for the next 10 years. This happens twice every year. As part of this biannual exercise, I regularly (most recently here and here) dig...
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