by Dan Mitchell | Feb 8, 2016 | Big Government, Blogs, Europe, Welfare and Entitlements
Taxpayers don’t like coughing up big amounts of money so other people can choose not to work. And they really get upset when welfare payments are so generous that newcomers are encouraged to climb in the wagon of government dependency. This has an effect on the...
by Dan Mitchell | Feb 6, 2016 | Big Government, Blogs, Economics, Government Spending
Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I...
by Dan Mitchell | Feb 2, 2016 | Blogs, Economics, Free Market
The Index of Economic Freedom, my favorite Heritage Foundation publication, wasreleased today. As one might predict, Hong Kong once again ranks as the jurisdiction with the most liberty to engage in mutually beneficial exchange, followed by Singapore. Other highly...
by Dan Mitchell | Jan 30, 2016 | Blogs, Economics, Taxation
There is some very good news to share. The income tax will disappear in April! But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal...
by Dan Mitchell | Jan 28, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian
If everyone has a cross to bear in life, mine is the perplexing durability of Keynesian economics. I thought the idea was dead when Keynesians incorrectly said you couldn’t have simultaneously rising inflation and unemployment like we saw in the 1970s. Then I thought...
