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Spending Caps and Speed Limits, Part II

Spending Caps and Speed Limits, Part II

by Dan Mitchell | Aug 27, 2022 | Big Government, Blogs, Government Spending

Back in March, I explained that a spending cap is desirable, but noted that it’s important to set a limit that actually restrains government spending. I made the same point as part of a recent speech to Hawaii’s Grassroot Institute. My main...
International Bureaucracies Push for More Poverty in Latin America

International Bureaucracies Push for More Poverty in Latin America

by Dan Mitchell | Aug 12, 2022 | Big Government, Blogs, Taxation

Even though they ostensibly exist to promote economic growth, the International Monetary Fund (IMF) and Organization for Economic Cooperation and Development (OECD) have an unfortunate track record of promoting higher taxes and bigger government. Not that we...
The Case Against Confiscatory Tax Rates, Part I

The Case Against Confiscatory Tax Rates, Part I

by Dan Mitchell | Aug 5, 2022 | Blogs, Economics, Taxation

Back in 2009, I narrated a video about the downsides of class-warfare tax policy. But if you don’t want to spend eight minutes watching the video (or 14 minutes watching this video), here’s a visual that summarizes why high tax rates discourage...
The Absurdly Named Inflation Reduction Act

The Absurdly Named Inflation Reduction Act

by Dan Mitchell | Aug 4, 2022 | Big Government, Blogs, Government Spending

I don’t like shoveling more money at a corrupt IRS, hurting jobs with higher taxes on “book income,” price controls on prescription drugs, or green-energy pork. But, as explained in this video clip, the insult added to injury is that the...
Learning a Lesson about Big Government from Barbados

Learning a Lesson about Big Government from Barbados

by Dan Mitchell | Aug 1, 2022 | Big Government, Blogs, Government Spending

I realize few readers are interested in small, faraway countries. But I periodically write about nations such as Jordan, Cyprus, Latvia, Vanuatu, Panama, and Pakistan because they offer important lessons – mostly negative, but sometimes positive – about fiscal policy....
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