by Dan Mitchell | Aug 16, 2011 | Big Government, Blogs, Economics, Government Spending, Tax Competition, Tax Havens, Taxation
I’ve joked on many occasions that bipartisanship occurs in Washington when the evil party and the stupid party come up with an idea that is simultaneously malicious and misguided. The international version of two-wrongs-don’t-make-a-right occurs whenever the French...
by Dan Mitchell | Aug 16, 2011 | Big Government, Blogs, Economics, Government Spending
I’ve poked fun at Paul Krugman for his views on health care and British fiscal policy, and I’ve semi-defended him about unemployment subsidies and housing bubbles. Now it’s time for some more mockery. Back in 2001, Paul Krugman received some much-deserved criticism...
by Dan Mitchell | Aug 12, 2011 | Big Government, Blogs, Government Spending, Taxation
Wow. Not even a pretense of caring about fiscal responsibility. Keep the status quo, even if it means America is doomed to suffer a Greek-style budget meltdown. Those were my thoughts when I heard that Harry Reid appointed Senators Kerry, Murray, and Baucus to the...
by Dan Mitchell | Aug 11, 2011 | Big Government, Blogs, Government Spending, Taxation
Tomorrow, August 12, will be a wonderful day. Based on calculations from Americans for Tax Reform, we will have finally worked long enough to finance the total cost of government for 2011. This means the money we earn for the rest of the year will be for the benefit...
by Dan Mitchell | Aug 11, 2011 | Big Government, Blogs, Economics, Government Spending, Monetary Policy, Taxation
Allen Meltzer, an economist at Carnegie Mellon University, writes today in the Wall Street Journal about the Fed’s worrisome announcement that it will continue the easy-money policy of artificially low interest rates. Professor Meltzer’s key point (at least to me) is...
