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The “Bad Penny” of Keynesian Fiscal Policy

The “Bad Penny” of Keynesian Fiscal Policy

by Dan Mitchell | Aug 20, 2019 | Blogs, Economics, Keynesian

I was interviewed yesterday about the possibility of a recession and potential policy options. You can watch the full interview here and get my two cents about economic forecasting, as well as Keynesian monetary policy. In this segment, you can see that I’m also...
More Global Evidence for Spending Caps

More Global Evidence for Spending Caps

by Dan Mitchell | Aug 12, 2019 | Big Government, Blogs, Government Spending

Spending caps are the most effective way of fulfilling my Golden Rule for fiscal policy. And we have good evidence for this approach, as I explain in this FreedomWorks discussion. I also discuss tax competition in the interview, as well as other topics. You can watch...
Spain and Lessons on Supply-Side Tax Policy

Spain and Lessons on Supply-Side Tax Policy

by Dan Mitchell | Aug 8, 2019 | Blogs, Economics, Supply Side, Taxation

At the risk of over-simplifying, the difference between “supply-side economics” and “demand-side economics” is that the former is based on microeconomics (incentives, price theory) while the latter is based on macroeconomics (aggregate demand, Keynesianism). When...
Time to Fully Repeal the Tax Deduction for Home Mortgage Interest

Time to Fully Repeal the Tax Deduction for Home Mortgage Interest

by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation

In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
Estonia Experiments with Higher Taxes, Learns a Lesson

Estonia Experiments with Higher Taxes, Learns a Lesson

by Dan Mitchell | Aug 2, 2019 | Blogs, Taxation

When I write about Estonia, I generally have something nice to say. Estonia has a non-discriminatory flat tax. Estonian lawmakers know how to cut spending. Estonia has a very good corporate tax system. Estonia has a high level of economic freedom. Estonia shrank...
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