by Dan Mitchell | Nov 1, 2018 | Blogs, Economics, Keynesian
I wrote in 2010 that Keynesian economics is like the Freddy Krueger movies. It refuses to die despite powerful evidence that you don’t help an economy by increasing the burden of government. In 2014, I wrote the theory was based on “fairy dust.” And in 2015, I said...
by Dan Mitchell | Oct 27, 2018 | Blogs, Trade
In doing some research about how to present the best case for free trade and against protectionism, I found some excellent commentary on why trade deficits don’t matter. Here are some excerpts from a column by Don Boudreaux, a professor at George Mason University....
by Dan Mitchell | Oct 26, 2018 | Big Government, Blogs, Economics
I’ve warned many times that Italy is the next Greece. Simply stated, there’s a perfect storm of bad news. Government is far too big, debt is too high, and the economy is too sclerotic. I’ve always assumed that the country would suffer a full-blown fiscal crisis when...
by Dan Mitchell | Oct 25, 2018 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
As illustrated by this video tutorial, I’m a big advocate of the Laffer Curve. I very much want to help policy makers understand (especially at the Joint Committee on Taxation) that there’s not a linear relationship between tax rates and tax revenue. In other words,...
by Dan Mitchell | Oct 24, 2018 | Blogs, Economics, Free Market
My favorite publication every year is Economic Freedom of the World. It’s filled with data on fiscal policy, regulatory policy, trade policy, monetary policy, and quality of governance for 162 jurisdictions, and it provides an unbiased way of gauging the degree to...
