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Portuguese Finance Minister Admits Keynesian Stimulus Was a Flop, but Don’t Hold Your Breath Waiting for Obama to Make a Similar Confession

by Dan Mitchell | Apr 25, 2012 | Blogs, Economics, Keynesian

President Obama imposed a big-spending faux stimulus program on the economy back in 2009, claiming that the government needed to squander about $800 billion to keep the unemployment rate from rising above 8 percent. How did that work out? One possible description is...

Explaining in the New York Post Why Obama’s Soak-the-Rich Tax Policy Is Doomed to Failure

by Dan Mitchell | Apr 18, 2012 | Blogs, Economics, Laffer Curve, Taxation

I think high tax rates on certain classes of citizens are immoral and discriminatory. If the government is going to collect revenue, all taxpayers should be treated equally, with something akin to a simple flat tax. But most people don’t seem to care about having the...

Professor Greg Mankiw: If You Value Individual Liberty, then Protect, Promote, and Preserve Competition Between Governments

by Dan Mitchell | Apr 16, 2012 | Blogs, Economics, Tax Competition, Taxation

Other than my experiment dealing with corporate taxation, the first video I narrated for the Center for Freedom and Prosperity dealt with the issue of tax competition. It was a deliberate choice because I view competition among governments as one of the few effective...

Time to Follow Sweden’s Lead on Fiscal Policy

by Dan Mitchell | Apr 15, 2012 | Blogs, Economics, Free Market

Sweden has a very large and expensive welfare state, but it’s actually becoming a bit of a role model for economic reform. I’ve already commented on the country’s impressive school choice system and noted that the Swedes have partially privatized their Social Security...

The Right Capital Gains Tax Rate Is Zero

by Dan Mitchell | Apr 14, 2012 | Blogs, Capital Gains, Taxation

The silly debate about the “Buffett Rule” is really an argument about the extent to which there should be more double taxation of income that is saved and invested. Politicians conveniently forget that dividends and capital gains get hit by the corporate income tax....
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