by Dan Mitchell | May 15, 2025 | Big Government, Blogs, Government Spending
I’m in London today as part of the Free Market Road Show, so let’s focus this column on the grim state of fiscal policy in the United Kingdom. The supposed Conservative Party fell off the wagon of fiscal sobriety starting in 2019 and the Labour...
by Dan Mitchell | May 14, 2025 | Blogs, Economics, Europe
There’s an enormous amount of data showing that people in the United States enjoy much higher livings standards than Europeans. That’s not too surprising since most European governments have adopted large-sized welfare states while...
by Dan Mitchell | Jan 18, 2025 | Blogs, Taxation
What’s the most self-destructive policy being pursued by a government today? My answer is probably biased because I focus on fiscal policy, but I’m tempted to say Norway’s increased wealth tax. Or, that’s how I probably would have answered the question six months...
by Dan Mitchell | Oct 6, 2024 | Blogs, Taxation
Part I of my three-part video series on the Laffer Curve is a good introduction to today’s column. It’s a common-sense primer on why there is not a linear relationship between tax rates and tax revenue. This is not a controversial view. Even Paul Krugman...
by Dan Mitchell | Aug 19, 2024 | Big Government, Blogs, Economics, Government Spending
It’s been a while since I shared this video about the Rahn Curve (or Armey-Rahn Curve), so let’s watch this Golden Oldie from 2010. The insight of the Rahn Curve (sort of a spending version of the Laffer Curve) is that economic performance declines once government...
