by Dan Mitchell | Oct 6, 2022 | Big Government, Blogs, Economics, Government Spending
At the end of last month, I wrote about the growth-maximizing size of government, citing a study that estimated that the public sector in Sudan should not consume more than 11.17 percent of the nation’s economic output. I realize that very few people care...
by Dan Mitchell | Sep 30, 2022 | Big Government, Blogs, Economics, Government Spending
Most people have heard of the Laffer Curve, which shows that there is a non-linear relationship between tax rates and tax revenues (for instance, doubling tax rates won’t produce a doubling of tax revenue because people and businesses will have less...
by Dan Mitchell | Sep 24, 2022 | Big Government, Blogs, Government Spending
I strongly supported Brexit in part because I wanted the United Kingdom to have both the leeway and the incentive to adopt pro-market policies. Imagine my disappointment, then, when subsequent Conservative Prime Ministers did nothing...
by Dan Mitchell | Sep 12, 2022 | Big Government, Blogs, Europe, Government Spending
Last month, I wrote an article comparing Switzerland’s admirable fiscal policy with the profligate tendencies of other European nations. I included a chart showing that the burden of government spending in Switzerland is far below where...
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...
