by Dan Mitchell | Aug 31, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation, VAT
I’m normally disappointed when religious figures comment on economics, particularly since they often turn the individual call to charity into a blank check for government-coerced redistribution. This runs contrary to individual choice, free will, and morality. So I’m...
by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
The Congressional Budget Office has just released the update to its Economic and Budget Outlook. There are several things from this new report that probably deserve commentary, including a new estimate that unemployment will “remain above 8 percent until 2014.” This...
by Dan Mitchell | Aug 20, 2011 | Blogs, Uncategorized
…Well, I’m not sure what it means. But it sure doesn’t make sense when you look at the big picture. A credit card company wouldn’t increase a deadbeat’s credit limit, so why is it a sign of fiscal prudence to give Uncle Sam more borrowing authority? That being said, I...
by Dan Mitchell | Aug 16, 2011 | Big Government, Blogs, Economics, Government Spending, Tax Competition, Tax Havens, Taxation
I’ve joked on many occasions that bipartisanship occurs in Washington when the evil party and the stupid party come up with an idea that is simultaneously malicious and misguided. The international version of two-wrongs-don’t-make-a-right occurs whenever the French...
by Dan Mitchell | Aug 15, 2011 | Blogs, Economics, Taxation
Warren Buffett’s at it again. He has a column in the New York Times complaining that he has been coddled by the tax code and that “rich” people should pay higher taxes. My first instinct is to send Buffett the website where people can voluntarily pay extra money to...
