by Dan Mitchell | Jul 3, 2013 | Big Government, Blogs, Government Spending
According to the Bank for International Settlements, the United States has a terrible long-run fiscal outlook. Assuming we don’t implement genuine entitlement reform, the only countries in worse shape are the United Kingdom and Japan. The Organization for Economic...
by Dan Mitchell | Jul 1, 2013 | Blogs, Taxation
Milton Friedman famously noted that, “Nothing is so permanent as a temporary government program”and Ronald Reagan sagely observed that “a government bureau is the nearest thing to eternal life we’ll ever see on this earth.” They’re both right, but they should have...
by Dan Mitchell | Jun 30, 2013 | Blogs, Economics, Tax Competition, Taxation
Regular readers know that one of my main goals is to preserve and promote tax competition as a means of restraining the greed of the political class. Heck, I almost wound up in a Mexican jail because of my work defending low-tax jurisdictions. As you can imagine, it’s...
by Dan Mitchell | Jun 29, 2013 | Big Government, Blogs, Europe, Government Spending
The late, great Margaret Thatcher famously said that “Socialist governments…always run out of other people’s money” and “I love the smell of napalm in the morning” is an iconic line from Apocalypse Now. Thinking about the fiscal mess in Europe, I’m going to combine...
by Dan Mitchell | Jun 26, 2013 | Big Government, Blogs, Economics, Tax Competition, Tax Havens, Taxation
In a recent interview with the BBC, I basically accused UK Prime Minister David Cameron of being a feckless and clueless demagogue who is engaged in a desperate effort to resuscitate his political future. I shouldn’t have been so kind. Cameron manages to combine bad...
