by Dan Mitchell | Sep 6, 2020 | Blogs, Economics
What’s the best economic news of the past 40 years? Was it Reaganomics, which restored America’s economic vitality? Was it the collapse of the Soviet Empire, which freed many nations from communist tyranny and allowed at least some of them to successfully shift to...
by Dan Mitchell | Sep 5, 2020 | Blogs, Economics, Free Market
Traditional economics, specifically convergence theory, tells us that poor nations should grow faster than rich nations. I’m more interested, however, in why convergence often doesn’t happen, or only partially happens. And I’m extremely interested in why we often...
by Dan Mitchell | Sep 3, 2020 | Uncategorized
Yesterday, the Congressional Budget Office released updated budget projections. The most important numbers in that report show what’s happening with the overall fiscal burden of government – measured by both taxes and spending. As you can see, there’s a big one-time...
by Dan Mitchell | Sep 1, 2020 | Big Government, Blogs, Economics, Government Spending
If Donald Trump wins the 2020 election, I don’t expect any serious effort to rein in the burden of government spending. And if Joe Biden wins the 2002 election, I don’t expect any serious effort to rein in the burden of government spending. At the risk of...
by Dan Mitchell | Aug 29, 2020 | Blogs, Economics, Taxation
Two weeks ago, I shared some video from a presentation to the New Economic School of Georgia (the country, not the state) as part of my “Primer on the Laffer Curve.” Here’s that portion of that presentation that outlines the principles of sensible taxation. Just in...
