by Dan Mitchell | Nov 28, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Most people have a vague understanding that America has a huge long-run fiscal problem. They’re right, though they probably don’t realize the seriousness of that looming crisis. Here’s what you need to know: America’s fiscal crisis is actually a spending crisis, and...
by Dan Mitchell | Nov 14, 2011 | Blogs, Economics, Flat Tax, Laffer Curve, Taxation
Alan Blinder has a distinguished resume. He’s a professor at Princeton and he served as Vice Chairman of the Federal Reserve. So I was interested to see he authored an attack on the flat tax – and I was happy after I read his column. Why? Well, because his arguments...
by Dan Mitchell | Nov 6, 2011 | Blogs, Economics, Laffer Curve, Taxation
One of my frustrating missions in life is to educate policy makers on the Laffer Curve. This means teaching folks on the left that tax policy affects incentives to earn and report taxable income. As such, I try to explain, this means it is wrong to assume a simplistic...
by Dan Mitchell | Nov 5, 2011 | Big Government, Blogs, Government Spending
I’ve pointed out on several occasions that Herbert Hoover was a big-spending Keynesian. Heck, Hoover was pursuing failed Keynesian policies several years before Keynes produced his most well-known book, The General Theory. Hoover’s big spending was so pronounced that...
by Dan Mitchell | Nov 4, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal...
