Back in the 1980s and 1990s, there was a widespread consensus that high tax rates were economically misguided. Many Democrats, for instance, supported the 1986 Tax Reform Act that lowered the top tax rate from 50 percent to 28 percent (albeit offset by increased double taxation and more punitive depreciation rules). And even in the 1990s, many on […]

Some things in life are very dependable. Every year, for instance, the swallows return to Capistrano. And you can also count on Dan Mitchell to wax poetic about the looming collapse of French statism. Back in 2011, I said France was engaged in economic self-destruction. In September 2012, I wrote that it was time to start the […]