by Dan Mitchell | Feb 22, 2024 | Big Government, Blogs, Government Spending
I was very optimistic about the United Kingdom less than five years ago. The Conservative Party had just won a landslide election and that presumably would lead to an acceptable form of Brexit, followed by some form of Singapore-on-Thames. Well, the...
by Dan Mitchell | Feb 20, 2024 | Big Government, Blogs, Government Spending
The world’s most sensible political leader is President Javier Milei of Argentina. But that doesn’t mean he will succeed in rescuing his nation’s Peronism-warped economy. Especially since left-leaning parties control the legislature. But he’s...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
by Dan Mitchell | Feb 11, 2024 | Big Government, Blogs, Government Spending
Three days ago, I explained that modest spending restraint could solve America’s fiscal problems. In today’s column, let’s expand on that topic. We’ll start with this clip from a recent interview. If you don’t want to spend a couple of minutes watching...
by Dan Mitchell | Feb 8, 2024 | Big Government, Blogs, Government Spending
Way back in 2010, and then over and over again in subsequent years, I have showed that it is very simple to balance the budget. All that is necessary is some reasonable spending restraint, sort of like what happened during...
