by Dan Mitchell | Oct 6, 2022 | Big Government, Blogs, Economics, Government Spending
At the end of last month, I wrote about the growth-maximizing size of government, citing a study that estimated that the public sector in Sudan should not consume more than 11.17 percent of the nation’s economic output. I realize that very few people care...
by Dan Mitchell | Oct 4, 2022 | Blogs, Economics, Free Market, Socialism
I have a multi-part series making the case for capitalism (Part I, Part II, Part III, Part IV, Part V, and Part VI), and I’ve shared lots of long-run data showing how some people began to enjoy unimaginable...
by Dan Mitchell | Sep 30, 2022 | Big Government, Blogs, Economics, Government Spending
Most people have heard of the Laffer Curve, which shows that there is a non-linear relationship between tax rates and tax revenues (for instance, doubling tax rates won’t produce a doubling of tax revenue because people and businesses will have less...
by Dan Mitchell | Sep 27, 2022 | Blogs, Economics, Socialism
Based on Sunday’s election in Italy, the nation’s next Prime Minister almost certainly will be Giorgia Meloni, which has some worried that Italy is returning to the “far right” fascism of Benito Mussolini. From an economic perspective, though, it would...
by Dan Mitchell | Sep 22, 2022 | Blogs, Economics, Europe, Free Market
I wrote just yesterday about Europe lagging behind the United States, and that’s in addition to many similar columns over the past year. But let’s not forget that Europe is also the cradle of classical liberalism, and that...
