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China: From Mao’s Failure to Partial Economic Reform to…?

China: From Mao’s Failure to Partial Economic Reform to…?

by CF&P | Oct 1, 2019 | Blogs, Economics

Today, October 1, is the 70th anniversary of communists seizing power in China. Given the horrible consequences of Mao’s rule, including tens of millions of deaths from famine and tyranny, this tweet from President Trump seems rather inappropriate. Congratulations to...
The Painful Impact of a Financial Transactions Tax

The Painful Impact of a Financial Transactions Tax

by Dan Mitchell | Sep 30, 2019 | Blogs, Economics, Taxation

I was interviewed a couple of days ago about rival tax plans by various Democratic presidential candidates. It’s the “Class Warfare Olympics,” and even Joe Biden is thinking about going hard left with a tax on financial transactions. It’s not just Joe Biden’s crazy...
The “Trump of Brazil” Has a Much Better Understanding of Trade than the Trump of America

The “Trump of Brazil” Has a Much Better Understanding of Trade than the Trump of America

by Dan Mitchell | Sep 24, 2019 | Blogs, Economics, Trade

According to the most-recent edition of Economic Freedom of the World, Brazil is only ranked #120, which is lower than nations such as Greece, Haiti, and China. Brazil gets a horrible grade on regulation, and it’s also in the bottom half of all nations when looking...
The IMF, State Capacity, and Spurious Correlation

The IMF, State Capacity, and Spurious Correlation

by Dan Mitchell | Sep 22, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation

The International Monetary Fund is infamous for its advocacy of higher taxes. Heck, it’s not merely advocacy. The international bureaucracy uses bailout money as a tool to coerce politicians into approving higher tax burdens. This is so reprehensible that I’ve...
The Left’s Class-Warfare Numbers Don’t Add Up

The Left’s Class-Warfare Numbers Don’t Add Up

by Dan Mitchell | Sep 18, 2019 | Blogs, Economics, Taxation

I’ve written many times about the perverse and destructive economic impact of class-warfare taxation. Today, we’re doing to look at the sloppy math associated with the fiscal plans of Bernie Sanders, Kamala Harris, Elizabeth Warren, and the rest of the soak-the-rich...
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