by Dan Mitchell | May 3, 2021 | Big Government, Blogs, Government Spending
President Biden has proposed a massive $2 trillion-plus infrastructure plan. Here are the two things everyone should understand. It will hurt growth because it will be financed with very harmful tax increases, most notably a big increase in the corporate tax...
by Dan Mitchell | May 1, 2021 | Big Government, Blogs, Economics, Government Spending
Good fiscal policy means low tax rates and spending restraint. And that’s a big reason why I’m a fan of Reaganomics. Unlike other modern presidents (including other Republicans), Reagan successfully reduced the tax burden while...
by Dan Mitchell | Apr 22, 2021 | Big Government, Blogs, Economics, Government Spending
Way back in 2010, I shared this video explaining how “gross domestic product” and “gross domestic income” are basically the same number, but warning that the former leads to sloppy thinking (including the Keynesian myth that consumer spending drives the economy)....
by Dan Mitchell | Apr 20, 2021 | Big Government, Blogs, Government Spending
As part of my recent interview about European economic policy with Gunther Fehlinger, I pontificated on issues such as Convergence and Wagner’s Law. I also explained why a Swiss-style spending cap could have saved Greece and Italy...
by Dan Mitchell | Mar 29, 2021 | Big Government, Blogs, Government Spending
I get asked why I frequently criticize Republicans. My response is easy. I care about results rather than rhetoric. And while GOP politicians often pay lip service to the principles of limited government, they usually increase spending even...
