by Dan Mitchell | Dec 9, 2023 | Blogs, Economics, Laffer Curve, Taxation
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a...
by Dan Mitchell | Dec 8, 2023 | Big Government, Blogs, Government Spending
For decades (literally), I’ve maintained that make-believe budget cuts are the biggest form of budgetary dishonesty in Washington. But this John Stossel video discusses another scam politicians use to squander more money. So-called emergency spending is not a trivial...
by Dan Mitchell | Dec 7, 2023 | Big Government, Blogs, Europe, Government Spending
Back in April, I warned that European governments were spending too much, sewing the seeds of another fiscal crisis (aided and abetted by the European Commission). Let’s expand on that issue today, focusing specifically on the eurozone (the European nations that use...
by Dan Mitchell | Dec 5, 2023 | Big Government, Blogs, Government Spending
The United States is in fiscal trouble because of over-spending by Washington. And the problem will get worse in the future because of poorly designed entitlement programs. But it also will get worse because Washington is filled with politicians...
by Dan Mitchell | Dec 4, 2023 | Blogs, Taxation
What’s the best way of helping poor countries achieve faster growth so they can converge with rich nations? Sensible people respond with a range of good answers. Removing trade barriers.Lowering corruption.Improved rule of...
