by Dan Mitchell | Jun 21, 2019 | Blogs, Economics, Laffer Curve, Supply Side
I’m a big fan of the Laffer Curve, which is simply a graphical representation of the common-sense notion that punitively high tax rates can result in less revenue because of reductions in the economy-wide level of work, saving, investment, and entrepreneurship. This...
by Dan Mitchell | Jun 7, 2019 | Blogs, Economics
The folks at USA Today invited me to opine on fiscal policy, specifically whether the 2017 tax cut was a mistake because of rising levels of red ink. Here’s some of what I wrote on the topic, including the all-important point that deficits and debt are best understood...
by Dan Mitchell | Feb 5, 2019 | Blogs, Economics, Taxation
Mark Perry of the American Enterprise Institute is most famous for his Venn diagrams that expose hypocrisy and inconsistency. Taxation and incentives The War on Drugs Minimum wage Food and Drug Administration Consenting adults But he also is famous for his charts. And...
by Dan Mitchell | Jan 28, 2019 | Blogs, Taxation
I’ve periodically opined about why politicians should not try to control people’s behavior with discriminatory taxes, such as the ones being imposed on soda. And I’ve cited some examples of how these taxes backfire. The big drop in soda purchases after a tax on sugary...
by Dan Mitchell | Jan 19, 2019 | Blogs, Economics, Tax Competition, Taxation
Like most taxpayer-supported international bureaucracies, the Organization for Economic Cooperation and Development (OECD) has a statist orientation. The Paris-based OECD is particularly bad on fiscal policy and it is infamous for its efforts to prop up Europe’s...
