by Dan Mitchell | Apr 14, 2013 | Blogs, Economics, Government Spending
If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social Security, Medicare, Medicaid, and Disability are all fiscal train wrecks today, and the long-run outlook for these programs is frightful. Just...
by Dan Mitchell | Apr 8, 2013 | Blogs, Economics, Financial Privacy, Tax Competition, Tax Havens, Taxation
Using data stolen from service providers in the Cook Islands and the British Virgin Islands, the Washington Post published a supposed exposé of Americans who do business in so-called tax havens. Since I’m the self-appointed defender of low-tax jurisdictions in...
by Dan Mitchell | Apr 7, 2013 | Big Government, Blogs, Economics, Europe, Government Spending, Keynesian
Statists are in a tough position. For years, they’ve been saying the United States should be more like Europe. And, as shown in these very funny cartoons by Michael Ramirez and Bob Gorrell, President Obama is a cheerleader for that effort. But now Europe’s welfare...
by Dan Mitchell | Apr 2, 2013 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
Back in 2010, I wrote a post entitled “What’s the Ideal Point on the Laffer Curve?“ Except I didn’t answer my own question. I simply pointed out that revenue maximization was not the ideal outcome. I explained that policy makers instead should seek to maximize...
by Dan Mitchell | Apr 1, 2013 | Bailouts, Blogs, Free Market
Folks, the pendulum is swinging in the right direction. In recent weeks, I’ve shared a bunch of examples to support my hypothesis that libertarians, small-government conservatives, and classical liberals are finally making some progress. This trend actually started...
