by Dan Mitchell | Sep 5, 2013 | Blogs, Economics, Tax Competition, Tax Havens, Taxation
I’m very worried about America’s fiscal future. Simply stated, data from several sources (BIS, OECD, and IMF) indicates that we face a future Greek-style fiscal crisis unless policy makers implement genuine entitlement reform. Unfortunately, politicians have little...
by Dan Mitchell | Sep 4, 2013 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation
I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The federal government is in deep trouble because of unsustainable entitlement programs...
by Dan Mitchell | Aug 22, 2013 | Big Government, Blogs, Economics
I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the...
by Dan Mitchell | Aug 19, 2013 | Blogs, Economics, Laffer Curve, Taxation
As regular readers know, one of my great challenges in life is trying to educate policy makers about the Laffer Curve, which is simply a way of illustrating that government won’t collect any revenue if tax rates are zero, but also won’t collect much revenue if tax...
by Dan Mitchell | Aug 15, 2013 | Blogs, Economics, Europe
The United States is suffering through the weakest economic expansion since the Great Depression, which is a damning indictment of Obamanomics. But that doesn’t mean the United States has the world’s worst-performing economy. Japan’s statist economy has been mired in...
