by Dan Mitchell | Oct 23, 2024 | Blogs, Economics, Taxation, Trade
I’m not a fan of the International Monetary Fund, mostly because of the bureaucracy’s support for bailouts and higher taxes. Those are terrible policies for the global economy. If you want to add insult to injury, the IMF’s forecasting ability also...
by Dan Mitchell | Oct 21, 2024 | Blogs, Europe
In April of 2023, I wrote about the fact that there is more spending and more debt in the PIGS (Portugal, Italy, Greece, and Spain) compared to levels before the last European fiscal crisis. In December of 2023, I wrote about the growing burden of...
by Dan Mitchell | Oct 19, 2024 | Big Government, Blogs, Economics, Welfare and Entitlements
What nation has the world’s best tax policy? There are relatively straightforward ways of answering that question, such as looking at the places (Cayman Islands, Bermuda, Monaco, etc) with no income tax. If you focus on bigger nations, you can look at...
by Dan Mitchell | Oct 16, 2024 | Blogs, Economics, Uncategorized
In 2022, Chris Edwards released his Fiscal Policy Report Card on America’s Governors and calculated that Kim Reynolds of Iowa was the best in the nation. That was an improvement over her 2nd-place finish in 2020. How did she do this year...
by Dan Mitchell | Oct 8, 2024 | Big Government, Blogs, Government Spending
If you want to understand Washington’s fiscal profligacy, this chart based on OMB data shows what has happened to the federal budget over the past 15 years. There are two big things to understand. We had some very admirable spending restraint...
