by Dan Mitchell | Jan 8, 2011 | Big Government, Blogs
Why hasn’t Europe fought World War III? Could it be because the Soviet Union eventually collapsed? Could it be that the NATO, the western military alliance, was effective? Could it be the mutually assured destruction kept the peace? Could it be that America’s...
by Dan Mitchell | Jan 3, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending, Regulations, Taxation, VAT
The mid-term elections were a rejection of President Obama’s big-government agenda, but those results don’t necessarily mean better policy. We should not forget, after all, that Democrats rammed through Obamacare even after losing the special election to replace Ted...
by Dan Mitchell | Dec 15, 2010 | Blogs, Tax Competition, Taxation
Sometimes it’s not a good idea to be at the top of a list. And now that Japan has announced a five-percentage point reduction in its corporate tax rate, the United States will have the dubious honor of imposing the developed world’s highest corporate tax rate. Here’s...
by Dan Mitchell | Dec 2, 2010 | Bailouts, Big Government, Blogs
The fiscal disintegration of Europe is bad news, though I confess to a bit of malicious glee every time I read about welfare states such as Greece, Ireland, and Portugal getting to the point where they no longer have the ability to borrow enough money to finance their...
by Dan Mitchell | Oct 23, 2010 | Big Government, Blogs, Welfare and Entitlements
I’m just making up the 1.94 percent number, but the International Herald Tribune reported last year that unfunded liabilities in France are nearly 550 percent of GDP. The news reports don’t include any estimates of what Sarkozy’s reform will mean, but I would be...
