by Dan Mitchell | Nov 2, 2018 | Blogs, Taxation
President Trump thinks he can boost Republicans next Tuesday by promising a new round of tax relief for the middle class. I’m skeptical of his sincerity, as noted in this segment from a recent interview, but I also warn that his proposed tax cut is impractical because...
by Dan Mitchell | Nov 1, 2018 | Blogs, Economics, Keynesian
I wrote in 2010 that Keynesian economics is like the Freddy Krueger movies. It refuses to die despite powerful evidence that you don’t help an economy by increasing the burden of government. In 2014, I wrote the theory was based on “fairy dust.” And in 2015, I said...
by Dan Mitchell | Oct 28, 2018 | Blogs, Economics, Supply Side, Taxation
I’ve written about how taxes have a big impact on soccer (a quaint game with little or no scoring that Europeans play with their feet). Taxes affect both the decisions of players and the success of teams. Grasping and greedy governments also have an impact on...
by Dan Mitchell | Oct 26, 2018 | Big Government, Blogs, Economics
I’ve warned many times that Italy is the next Greece. Simply stated, there’s a perfect storm of bad news. Government is far too big, debt is too high, and the economy is too sclerotic. I’ve always assumed that the country would suffer a full-blown fiscal crisis when...
by Dan Mitchell | Oct 23, 2018 | Big Government, Blogs, Economics, Regulations
California is like France. Both are wonderful places to visit. They’re also great places to live if you’re part of the elite. But neither is the ideal option for ordinary people who want upward mobility. Back in 2016, I shared Census Bureau data showing that income...
