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If We Want Prosperity, Prices Should Be Determined by Markets Rather than Politicians

by Dan Mitchell | Nov 7, 2015 | Blogs, Economics, Free Market

The communist economic system was a total disaster, but it wasn’t because of excessive taxation. Communist countries generally didn’t even have tax systems. The real problem was that communism was based on central planning, which is the notion that supposedly wise...

Comparing the United States and Nordic Nations: Is American “Inequality” Bad if It Simply Means Some People Get Richer Faster than other People Get Richer?

by Dan Mitchell | Nov 2, 2015 | Big Government, Blogs, Economics

I’ve already commented several times on the good and bad features of the Nordic Model, largely to correct the false narrative being advanced by Bernie Sanders (though I was writing on this issue well before the Vermont Senator decided to run for Chief Commissar...

Lower Tax Rates vs. Targeted Tax Credits, Part III

by Dan Mitchell | Oct 31, 2015 | Blogs, Economics, Taxation

Last year, I wrote a column for the Wall Street Journal making the case that families would benefit more from lower tax rates rather than targeted tax credits. My argument was simple and straightforward. Child-based tax cuts are an effective way of giving targeted...
The Fiscal Nightmare of Changing Demographics Combined with Poorly Designed Entitlement Programs

The Fiscal Nightmare of Changing Demographics Combined with Poorly Designed Entitlement Programs

by Dan Mitchell | Oct 30, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements

In my speeches, I routinely argue that an aging population is one of the reasons why we need genuine entitlement reform. A modest-sized welfare state may be feasible if a country has a “population pyramid,” I explain, but it’s a recipe for fiscal chaos when changing...
The Ted Cruz Tax Plan: A Pro-Growth Restructuring of the Internal Revenue Code, but with One Worrisome Feature

The Ted Cruz Tax Plan: A Pro-Growth Restructuring of the Internal Revenue Code, but with One Worrisome Feature

by Dan Mitchell | Oct 29, 2015 | Blogs, Economics, Taxation

The tax-reform landscape is getting crowded. Adding to the proposals put forth by other candidates (I’ve previously reviewed the plans offered by Rand Paul, Marco Rubio, Jeb Bush, Bobby Jindal, and Donald Trump), we now have a reform blueprint from Ted Cruz. Writing...
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