by Dan Mitchell | Jul 23, 2015 | Blogs, Economics, Tax Competition, Taxation
I’m very fond of Estonia, and not just because of the scenery. Back in the early 1990s, it was the first post-communist nation to adopt a flat tax. More recently, it showed that genuine spending cuts were the right way to respond to the 2008 crisis (notwithstanding...
by Dan Mitchell | Jul 21, 2015 | Big Government, Blogs, Bureaucracy, Economics, Europe, Government Spending
For understandable reasons, the fiscal mess in Greece has dominated the European economic headlines. But there are other developments that deserve attention. Amazingly, some politicians think Europe’s stagnant economy can be improved with more harmonization, more...
by Dan Mitchell | Jul 20, 2015 | Blogs, Economics
I’ve written before about the tremendous success of Hong Kong. The jurisdiction routinely is ranked as being the world’s freest economy, and its fiscal policy is a role model for spending restraint. One reason Hong Kong has prospered is that it has enjoyed a policy of...
by Dan Mitchell | Jul 18, 2015 | Blogs, Economics, Tax Competition, Tax Harmonization, Taxation
What’s the best way to generate growth and prosperity for the developing world? Looking at the incredible economic rise of jurisdictions such as Hong Kong andSingapore, it’s easy to answer that question. Simply put in place the rule of law, accompanied by free markets...
by Dan Mitchell | Jul 17, 2015 | Big Government, Blogs, Economics, Europe, Government Spending
I suggested a couple of months ago that the economic turmoil in Greece and Venezuela is somewhat akin to a real-life version of Atlas Shrugged. And I’ve also used that analogy when writing about France and Detroit. But I’m probably not doing justice to Ayn Rand’s...
