by Dan Mitchell | Jul 1, 2019 | Blogs, Capital Gains, Economics, Taxation
One of the worst features of the internal revenue code is the pervasive bias against income that is saved and invested. People who immediately consume their after-tax income are largely untaxed (thankfully, we don’t have a value-added tax), but there are several...
by Dan Mitchell | Apr 28, 2019 | Uncategorized
Looking through an economic lens, what’s the best country in the world? If your benchmark is economic liberty, then Hong Kong is the answer according to both the Fraser Institute and Heritage Foundation. If per-capita GDP or per-capita wealth is your benchmark,...
by Andrew F. Quinlan | Sep 4, 2018 | Blogs, Monetary Policy
In his Washington Times column, economist Richard Rahn considers the benefits of non-governmental currency. People see the debt buildup in the United States and most other major countries and correctly ask, “How long before the next great inflation?” This justified...
by Dan Mitchell | Mar 15, 2018 | Blogs, Taxation
Ideally, there should be no capital gains tax. After all, the levy is a self-destructive form of double taxation that reduces the quantity and quality of investment. And that’s not good for wages and jobs. To add insult to injury (to be more accurate, to add injury to...
by Dan Mitchell | May 14, 2016 | Blogs, Economics, Taxation
I have no idea whether Donald Trump believes in bigger government or smaller government. Higher taxes or lower taxes. More intervention or less. Sometimes he says things I like. Sometimes he says things that irk me. Politicians are infamous for being cagey, but “The...
