by Dan Mitchell | May 12, 2016 | Big Government, Blogs, Economics, Government Spending, Taxation
Among Republicans and conservatives, Ronald Reagan is widely revered as a great President. From their perspective, he was the candidate who actually made America great again. Fans of the Gipper tell us the economy rebounded, inflation was tamed, incomes rose,...
by Dan Mitchell | May 11, 2016 | Blogs, Economics, Financial Privacy, Tax Competition, Tax Havens, Taxation
Economists certainly don’t speak with one voice, but there’s a general consensus on two principles of public finance that will lead to a more competitive and prosperous economy. Lower tax rates are more conducive to work and entrepreneurship than higher tax rates....
by Dan Mitchell | May 11, 2016 | Big Government, Blogs, Taxation
In my presentations about how to deal with budgetary deterioration and fiscal crisis, I often share with audiences a list of nations that have achieved very positive results with spending restraint. The middle column shows how these countries limited the growth of...
by Dan Mitchell | May 10, 2016 | Blogs, Economics, Free Market
According to Economic Freedom of the World, there are five major factors that determine a nation’s economic performance. Here’s the recipe for growth and prosperity. Rule of law and property rights. Small government. Stable monetary policy. Reasonable regulatory...
by Dan Mitchell | May 9, 2016 | Blogs, Economics
From an economic perspective, too much government spending is harmful to economic performance because politicians and bureaucrats don’t have very good incentives to spend money wisely. More specifically, labor and capital will be misallocated because people in...
