by Dan Mitchell | Feb 1, 2013 | Blogs, Economics, Laffer Curve, Taxation
Daniel Hannan is a member of the European Parliament from England. He is one of the few economically sensible people in that body, as demonstrated in these short clips of him speaking about tax competition and deriding the European Commission’s corrupt racket. And as...
by Dan Mitchell | Jan 31, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Fighting against statism in Washington is a lot like trying to swim upstream. It seems that everything (how to measure spending cuts, how to estimate tax revenue, etc) is rigged to make your job harder. A timely example is the way the way government puts together data...
by Dan Mitchell | Jan 26, 2013 | Blogs, Economics, Keynesian
Back in 2010, I shared a remarkable graph comparing the predictions of economists to what actually happened. Not surprisingly, the two lines don’t exactly overlap, which explains the old joke that economists have correctly predicted nine of the last five recessions....
by Dan Mitchell | Jan 25, 2013 | Big Government, Blogs, Economics, Welfare and Entitlements
If you don’t want to be depressed, you should stop reading right now. You probably know that we’ve been suffering because of a rising burden of government spending. And you probably understand that much of the problem is the relentless growth of redistribution and...
by Dan Mitchell | Jan 23, 2013 | Big Government, Blogs, Economics, Government Spending
Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy. This means the politicians can increase spending, but simultaneously claim they are cutting spending because the budget could...
