by Dan Mitchell | Aug 22, 2023 | Big Government, Blogs, Government Spending
The best evidence for spending caps is the comparison between the United States and Switzerland. Even since Swiss voters overwhelmingly imposed their “debt brake” on politicians 20 years ago, total government spending in Switzerland has increased by an...
by Dan Mitchell | Aug 15, 2023 | Big Government, Blogs, Government Spending
I have repeatedly explained that spending restraint is good fiscal policy. And I have specifically explained that you achieve this goal by limiting spending so that it grows slower than the productive sector of the economy. A fringe...
by Dan Mitchell | Aug 9, 2023 | Blogs, Tax Competition, Taxation
Yesterday’s column pointed out why supporters of a global corporate tax cartel are misguided. Today, I’m going to admit that I made a mistake. Not yesterday, but two years earlier. Back in 2021, I put together a list of winners and losers from the proposed...
by Dan Mitchell | Aug 8, 2023 | Blogs, Tax Competition, Taxation
Early in the Biden years, I wrote a three-part series (here, here, and here) to explain why a global minimum tax on companies is a bad idea. As I told the BBC back in 2021, this proposed tax cartel is a scheme to increase the tax burden...
by Dan Mitchell | Aug 2, 2023 | Big Government, Blogs, Economics, Government Spending
I’m not a big fan of Moody’s, Fitch, and Standard & Poor’s. As I explained in this 2011 interview, these credit rating firms don’t provide much insight, at least with regards to assessing whether governments can be trusted to honor their...
