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Two Big Fiscal Lessons from Colorado’s Pot Legalization

by Dan Mitchell | Feb 14, 2015 | Blogs, Economics, Laffer Curve, Taxation

Regular readers know that I don’t approve of drug use, but that I also favor legalization because the Drug War has been a costly and ineffective failure. (And it’s led to horrible policies such as intrusive money-laundering laws and Orwellian asset-forfeiture laws)....

Why “Dynamic Scoring” Is Far More Accurate Than “Static Scoring”

by Dan Mitchell | Feb 12, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

I’ve written several times about the importance of appointing sensible people to head the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT). Heck, making reforms to these Capitol Hill bureaucracies is a basic competency test for Republicans....

The Global Private Social Security Revolution

by Dan Mitchell | Feb 8, 2015 | Big Government, Blogs, Economics, Government Spending

Last month, I posted “the cartoon argument” for Social Security reform. My main goal, as an American, is to achieve this important reform in the United States. And I’ve tried to bolster the argument by citing lots of hard data, including the fact that “funded”...

A Perfect Example of How Tax Competition Constrains Greedy Government

by Dan Mitchell | Feb 5, 2015 | Blogs, Economics, Tax Competition, Taxation

I’m a relentless (probably to the point of being annoying) proponent of tax competition among jurisdictions. It’s one of the reasons why I favor tax havens and federalism. Simply stated, politicians are less likely to do bad things when they know economic activity can...

Four Big Takeaways from Obama’s New Budget…and the Challenges for the GOP

by Dan Mitchell | Feb 2, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

The President today released his budget for fiscal year 2016, a document that also shows what will happen to taxes, spending, and red ink over the next 10 years if the White House’s budget is adopted. Here are the four things that deserve critical attention. 1. Obama...
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