by Dan Mitchell | Nov 6, 2011 | Blogs, Economics, Laffer Curve, Taxation
One of my frustrating missions in life is to educate policy makers on the Laffer Curve. This means teaching folks on the left that tax policy affects incentives to earn and report taxable income. As such, I try to explain, this means it is wrong to assume a simplistic...
by Dan Mitchell | Nov 4, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal...
by Dan Mitchell | Nov 3, 2011 | Big Government, Blogs, Economics, Regulations
Last year, I reported on a study from the Small Business Administration that estimated that federal regulation costs the economy a staggering $1.75 trillion every year. But that number is so large that it’s hard to understand what it actually means, so let’s look at...
by Dan Mitchell | Nov 2, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Last week in New York City, during my Intelligence Squared debate about stimulus, I pointed out that Germany is doing better than the United States and explained that they largely avoided any Bush/Obama Keynesian spending binges. One of my opponents disagreed and...
by Dan Mitchell | Nov 1, 2011 | Big Government, Blogs, Economics, Government Spending
I have sometimes wondered whether it is accurate to say that Republicans are the “Stupid Party.” We’ll soon know the answer to that question. As part of the debt limit agreement, the politicians agreed to set up a “Supercommittee” comprised of six Republicans and six...
