by Dan Mitchell | Jan 17, 2012 | Blogs, Economics, Tax Competition, Tax Havens, Taxation
I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force financial institutions to report the deposit interest they pay to foreigners, is bad...
by Dan Mitchell | Dec 23, 2011 | Big Government, Blogs, Europe, Regulations
I’m not a big fan of the European bureaucracy. Indeed, I was semi-serious when I stated that Brussels was the “most statist place on the planet.” Which is why I greatly enjoyed this speech by the head of Ryan Air, who ripped the bureaucrats a new you-know-what while...
by Dan Mitchell | Dec 4, 2011 | Big Government, Blogs, Economics, Regulations
I’ve explained on many occasions how the financial crisis was largely the result of government-imposed mistakes, and I’ve paid considerable attention to the role of easy money by the Federal Reserve and the perverse subsidies provided by Fannie Mae and Freddie Mac....
by Dan Mitchell | Nov 9, 2011 | Big Government, Blogs, Economics, Regulations
I recently commented on some astounding numbers showing that each regulatory bureaucrat destroys 100 jobs in the productive sector of the economy. That’s obviously terrible news. Heck, it would be awful if each bureaucrat caused the destruction of 2 private-sector...
by Dan Mitchell | Nov 3, 2011 | Big Government, Blogs, Economics, Regulations
Last year, I reported on a study from the Small Business Administration that estimated that federal regulation costs the economy a staggering $1.75 trillion every year. But that number is so large that it’s hard to understand what it actually means, so let’s look at...
