by Dan Mitchell | Feb 27, 2012 | Blogs, Economics, Laffer Curve, Taxation
I speculated last year that the political elite finally might be realizing that higher tax rates are not the solution to Greece’s fiscal situation. Simply stated, you can only squeeze so much blood out of a stone, and pushing tax rates higher cripples growth and...
by Dan Mitchell | Jan 25, 2012 | Bailouts, Big Government, Blogs, Economics, Flat Tax, Keynesian, Taxation
Perhaps the title of this post is a bit unfair since the International Monetary Fund is good on some issues, such as reducing subsidies. And some of the economists at the IMF even produce good research. But I can’t help but get agitated that this behemoth global...
by Dan Mitchell | Jan 16, 2012 | Big Government, Blogs, Europe, Government Spending, Taxation, VAT
In a recent column for the Wall Street Journal, I explained why Mitt Romney’s interest in a value-added tax is deeply troubling. One of my key points was that the VAT is a money machine for big government. But don’t believe me. Look at Japan, where the politicians see...
by Dan Mitchell | Dec 3, 2011 | Bailouts, Blogs, Europe
There’s a rather simple solution to Europe’s fiscal crisis, but politicians will never do the right thing unless every other option is exhausted. That’s why American taxpayers should not be involved in any sort of European bailout, either directly or indirectly. This...
by Dan Mitchell | Oct 28, 2011 | Bailouts, Big Government, Blogs, Europe
The Europeans have just agreed to another bailout for Greece. That’s the bad news. The good news is…well, there is no good news. Sarkozy, Merkel, and the other statists have once again failed to do the right thing and instead have decided to throw good money after bad...
