by Dan Mitchell | Nov 20, 2022 | Big Government, Blogs, Taxation
The 1930s arguably was America’s worst decade for economic policy and economic results. Herbert Hoover and Franklin Roosevelt both increased the burden of government and the net result was a decade-long depression. The...
by Dan Mitchell | Nov 16, 2022 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Last week, I explained that “supply siders” need to be ardent advocates of spending restraint. After all, there is no chance of good tax policy in the future if the burden of federal spending continues to expand. I also wrote about “national conservatives”...
by Dan Mitchell | Nov 3, 2022 | Blogs, Economics, Taxation
The Laffer Curve is a very straightforward concept. It graphically illustrates why politicians are wrong if they think you can double tax revenue by doubling tax rates (or that revenues will drop by 50 percent if tax rates are cut in half)....
by Dan Mitchell | Oct 26, 2022 | Big Government, Blogs, Europe, Government Spending, Taxation
I discussed Italy’s looming fiscal crisis on Monday and then argued against a potential bailout on Tuesday. Today, let’s focus on the rest of Europe. I gave a presentation yesterday in Brussels about “Public Finances in the Eurozone” and used the...
by Dan Mitchell | Oct 3, 2022 | Uncategorized
A wealth tax is an extraordinarily destructive way for governments to generate revenue. It violates the principles of sensible tax policy and it does a lot of damage since people have less incentive to save and invest. It’s...
