by Dan Mitchell | May 11, 2013 | Blogs, Economics, Europe, Keynesian
Political insiders remember Tim Geithner for his role in promoting the bailout culture and crony capitalism in Washington. Comedians remember him for the laughable hypocrisy of urging higher taxes for others while cheating on his own tax return. But I mostly think of...
by Dan Mitchell | May 7, 2013 | Big Government, Blogs, Europe, Government Spending, Taxation, VAT
The most important, powerful, and relevant argument against the value-added tax in the short run is that we can balance the budget in just five years by capping spending so it grows at the rate of inflation, a very modest level of fiscal restraint. The most important,...
by Dan Mitchell | May 5, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently tried to declare victory for Keynesian economics over so-called austerity, but all he really accomplished was to show that tax-financed government spending is bad for prosperity. More specifically, he presented a decent case against the...
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 | Mar 2, 2013 | Big Government, Blogs, Society, Welfare and Entitlements
One of my favorite political cartoons is this Michael Ramirez gem showing President Obama following the European lemmings over the cliff of statism. But this isn’t a laughing matter. As shown in this remarkable graph on global living standards, Americans enjoy...
