by Dan Mitchell | Jun 12, 2017 | Big Government, Blogs, Economics, Government Spending, Keynesian
Time for an update on the perpetual motion machine of Keynesian economics. We’ll start with the good news. The Treasury Department commissioned a study on the efficacy of the so-called stimulus spending that took place at the end of last decade. As discussed in this...
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,...
by Dan Mitchell | Dec 7, 2016 | Blogs, Economics, Taxation
Can you identify the nation with the world’s 7th-friendliest tax system according to the Index of Economic Freedom? Don’t know the answer? Well, here’s a hint. If you don’t count Middle Eastern nations that finance their governments with oil money, this is the nation...
by Dan Mitchell | Nov 8, 2016 | Big Government, Blogs, Government Spending
I’m generally a fan of Australia. I wrote my dissertation on the country’s private Social Security system, and I’m always telling policy makers we should copy their approach. The Aussies also abolished death taxes, which was a very admirable choice. I even wrote that...
by Brian Garst | Jun 7, 2016 | Blogs, Tax Competition, Taxation
Alan Cole at the Tax Foundation highlights yet another way in which the corporate tax code works against American interests. He cites a recent report from the Australia Institute which argued that a large chunk of their corporate income tax cuts will be eat up by the...
