by Dan Mitchell | Feb 7, 2024 | Big Government, Blogs, Government Spending
I’ve written many columns about Venezuela, Chile, and Argentina, but only one column specifically about Mexico. Since I’m currently in Mexico City doing some meetings and research about Mexico’s economic policy, time to make up for that lack...
by Dan Mitchell | Jan 30, 2024 | Blogs, Taxation, VAT
I wrote 10 days ago about why a value-added tax would be a mistake for the United States. To help reinforce that argument, here’s a new map from the Tax Foundation showing VAT rates on the other side of the Atlantic Ocean. With a few exceptions...
by Dan Mitchell | Jan 25, 2024 | Big Government, Blogs, Government Spending
The ideal fiscal policy is a spending cap and the specific design is not terribly important so long as the net effect is to have government spending grow slower than the private sector. Switzerland’s Debt Brake complies with this requirement....
by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
by Dan Mitchell | Jan 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I periodically explain why and how to fix entitlements. Here’s my latest attempt, as part of a conversation with David McIntosh of the Club for Growth. A few months ago, I shared some alarming CBO data about the ever-growing burden...
