by Dan Mitchell | Jan 4, 2015 | Blogs, Economics, Laffer Curve, Taxation
Since I’m a big advocate of the Laffer Curve, that means I favor dynamic scoring. This is the common-sense observation that you can’t figure out the effect of tax changes on revenue without first estimating the impact on taxable income. And I’ve shared some very...
by Dan Mitchell | Jan 3, 2015 | Blogs, Economics
What is the American Dream? I suspect it’s a bit like beauty, in the eye of the beholder, but here’s theWikipedia definition: …a national ethos of the United States, a set of ideals in which freedom includes the opportunity for prosperity and success, and an upward...
by Dan Mitchell | Dec 31, 2014 | Big Government, Blogs, Economics, Government Spending, Health Care, Tax Competition, Taxation
Exactly one year ago, we looked at the best and worst policy developments of 2013. Now it’s time for a look back at 2014 to see what’s worth celebrating and what are reasons for despair. Here’s the good news for 2014. 1. Gridlock – I’ve been arguing for nearly...
by Dan Mitchell | Dec 30, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
I’m tempted to feel a certain degree of sympathy for Paul Krugman. As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when...
by Dan Mitchell | Dec 29, 2014 | Big Government, Blogs, Economics, Government Spending
Many people fantasize about supermodels, but not me. I’m a bit of an oddball. In my fantasy world, I want to shrink the federal government back to the size envisioned by the Founding Fathers. I can’t stop myself from wistfully dreaming about the expanded freedom and...
