by Dan Mitchell | May 26, 2019 | Blogs, Economics, Taxation
Earlier today at the Friedman Conference in Australia, I spoke on the proper design of a tax system. My goal was to explain the problem of double taxation. I’ve repeatedly shared a flowchart to illustrate the pervasive double taxation in the current system (my example...
by Dan Mitchell | May 25, 2019 | Big Government, Blogs, Economics, Government Spending
As part of today’s sessions at the Friedman conference in Australia, I got to listen to Professor Tony Makin talk about the burden of government spending in Australia. I want to share several of his slides since he made some very cogent points. First, he pointed out...
by Dan Mitchell | May 23, 2019 | Blogs, Economics, Free Market
I’m in Sydney, Australia, but not because I’m confirming that this country will be my escape option if (when?) the United States suffers a Greek-style fiscal collapse. Instead, I’m Down Under for the annual Friedman Conference. This gives me an excuse to write about...
by Dan Mitchell | May 16, 2019 | Blogs, Economics
I shared a video last year that pointed out that Americans live in a nation that became prosperous thanks to “creative destruction.” That’s the term developed by Joseph Schumpeter to describe the economic churning caused by competition, innovation, and markets...
by Dan Mitchell | May 14, 2019 | Blogs, Economics, Free Market
Just last month, I wrote about Argentina’s grim economic outlook and criticized the supposed right-of-center President, Mauricio Macri, for failing to deliver any meaningful economic liberalization. And reform is desperately needed. According to Economic Freedom of...
