by Dan Mitchell | Oct 23, 2024 | Blogs, Economics, Taxation, Trade
I’m not a fan of the International Monetary Fund, mostly because of the bureaucracy’s support for bailouts and higher taxes. Those are terrible policies for the global economy. If you want to add insult to injury, the IMF’s forecasting ability also...
by Dan Mitchell | Jul 9, 2024 | Big Government, Blogs, Taxation
Citing a report in the New York Times, I wrote two days ago about how excessive government spending is the real reason for economic and political turmoil in Sri Lanka and Bolivia. Kenya and Pakistan also were featured in the story, but I didn’t focus on...
by Dan Mitchell | Jun 27, 2024 | Big Government, Blogs, Government Spending, Taxation
I wrote earlier this year about Kenya’s fiscal policy and I made two points. Kenya is in trouble because the burden of government spending has exploded over the past twenty-plus years. Tax increases in Kenya are backfiring because people are changing their...
by Dan Mitchell | Jun 14, 2024 | Blogs, Taxation
Less than two months ago, I shared a chart looking at tax burdens on saving and investment in the industrialized world. The nation with the lowest tax burden on capital was Lithuania (unsurprisingly, all of the Baltic countries scored...
by Dan Mitchell | Jun 3, 2024 | Big Government, Blogs, Taxation
I wrote last November that Germany is in a period of fiscal decay. Over the past eight-plus years, the burden of government spending has grown far too fast, violating the Golden Rule of fiscal policy. As a result, the share of the economy...
