by Dan Mitchell | Oct 11, 2023 | Big Government, Blogs, Taxation
Paul Krugman isn’t always wrong. A few years ago, for instance, he admitted the Laffer Curve is real. And he even once wrote something sensible about tax policy. But those are the exceptions. His usual routine is to pontificate in favor of bigger...
by Dan Mitchell | Oct 5, 2023 | Big Government, Blogs, States
In our series on red states vs blue states, we’ve examined different economic variables. Part I: Economic growthPart II: Unemployment ratesPart III: Employment growth Today, let’s add another comparison. Here’s a map looking at 2022 income growth by...
by Dan Mitchell | Oct 4, 2023 | Big Government, Blogs
I am not bullish about China’s economy. Even 10 or more years ago, when many people thought China was going to be the economic superpower of the 21st century, I poured cold water on those predictions. Simply stated, China suffers from too...
by Dan Mitchell | Sep 27, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Even though America’s long-run fiscal outlook is very grim, I wrote a two-part series earlier this year (here and here) to explain why the situation is not hopeless. First and foremost, I noted that the only good solution is long-run spending...
by Dan Mitchell | Sep 21, 2023 | Big Government, Blogs, Economics
Russia’s government has been appropriately criticized for invading Ukraine, but let’s focus today on Putin’s economic mismanagement. I’m motivated by this tweet from a professor at the University of Chicago. He points out that Russians were richer than...
