by Dan Mitchell | Oct 7, 2015 | Big Government, Blogs
Remember the scene in Monty Python and the Search for the Holy Grail, when the Knights of the Round Table have to answer three questions before they can cross the Bridge of Death? Sir Galahad is cast into the Gorge of Eternal Peril because he changes his mind when...
by Dan Mitchell | Jun 8, 2014 | Blogs, Economics, Government Spending, Laffer Curve, Taxation
The title of this post sounds like the beginning of a strange joke, but it’s actually because we’re covering three issues today. Our first topic is corporate taxation. More specifically, we’re looking at a nation that seems to be learning that it’s foolish the have a...
by Dan Mitchell | Oct 5, 2013 | Big Government, Blogs, Taxation, VAT
If you have any long-term Japanese investments, sell them soon. In part, that’s because the Japanese Prime Minister announced another Keynesian spending binge earlier this year – even though several so-called stimulus plans in Japan have flopped over the past two...
by Dan Mitchell | Jan 16, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian, Taxation
Good fiscal policy doesn’t require heavy lifting. Governments simply need to limit the burden of government spending. The key variable is making sure spending doesn’t consume ever-larger shares of economic output. In other words, follow Mitchell’s Golden Rule. It’s...
by Dan Mitchell | Aug 13, 2012 | Big Government, Blogs, Taxation, VAT
For years, I’ve been warning that a value-added tax (VAT) would be a terrible idea. Simply stated, politicians would have no reason to control spending or reform entitlements if they had a new source of tax revenue. In this video, I explain why this European-style...
