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Alaska’s Oil-Fueled Spending Binge Violates Fiscal Policy’s Golden Rule, Leads to Budget Mess

Alaska’s Oil-Fueled Spending Binge Violates Fiscal Policy’s Golden Rule, Leads to Budget Mess

by Dan Mitchell | Oct 11, 2015 | Uncategorized

If you look at oil-rich jurisdictions around the world, it’s easy to see why experts sometimes write about the “resource curse.” Simply stated, governments don’t have much incentive to be responsible when they can use oil as a seemingly endless source of tax revenue....

In One Image, the Case for Ripping Up the Internal Revenue Code

by Dan Mitchell | Oct 10, 2015 | Uncategorized

I’m happy that many of the presidential candidates are proposing big tax cuts. Bobby Jindal and Donald Trump have large tax cuts, and Jeb Bush, Rand Paul, and Marco Rubio are proposing smaller – but still significant – reductions in the federal tax burden. All of...
If the President Wants “Common Sense” Gun Laws, He Should Support Liberalization Rather than Confiscation

If the President Wants “Common Sense” Gun Laws, He Should Support Liberalization Rather than Confiscation

by Dan Mitchell | Oct 9, 2015 | Blogs, Crime, Society

I don’t necessarily blame President Obama for seeking to politicize tragic mass shootings. His actions may be a bit unseemly, but also understandable if he truly believes that disarming law-abiding people is the best way to reduce carnage. That being said, this...
Governor Jindal’s Bold Reform Plan Slashes Revenue to DC, Abolishes the Corporate Income Tax

Governor Jindal’s Bold Reform Plan Slashes Revenue to DC, Abolishes the Corporate Income Tax

by Dan Mitchell | Oct 8, 2015 | Big Government, Blogs, Government Spending, States, Taxation

Give him credit. Most elected officials are content to tinker at the edges, but Governor Jindal of Louisiana actually wants to solve problems. Look what he’s done, for instance, on fiscal policy. He sought to abolish his state’s personal income tax, a step that would...
The Japanese Version of Another Great Moment in Government Incompetence

The Japanese Version of Another Great Moment in Government Incompetence

by Dan Mitchell | Oct 7, 2015 | Big Government, Blogs

Remember the scene in Monty Python and the Search for the Holy Grail, when the Knights of the Round Table have to answer three questions before they can cross the Bridge of Death? Sir Galahad is cast into the Gorge of Eternal Peril because he changes his mind when...
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