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Two Big Fiscal Lessons from Colorado’s Pot Legalization

by Dan Mitchell | Feb 14, 2015 | Blogs, Economics, Laffer Curve, Taxation

Regular readers know that I don’t approve of drug use, but that I also favor legalization because the Drug War has been a costly and ineffective failure. (And it’s led to horrible policies such as intrusive money-laundering laws and Orwellian asset-forfeiture laws)....

Why “Dynamic Scoring” Is Far More Accurate Than “Static Scoring”

by Dan Mitchell | Feb 12, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

I’ve written several times about the importance of appointing sensible people to head the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT). Heck, making reforms to these Capitol Hill bureaucracies is a basic competency test for Republicans....

If We Care About the Less Fortunate, Focus on Growth Rather Than Redistribution

by Dan Mitchell | Feb 11, 2015 | Blogs, Economics, Taxation

Last week, I shared a TV interview about Obama’s budget, but much of the discussion was routine and didn’t warrant special attention. But there was one small part of the interview, dealing with the silly claim that America became a rich nation because of socialism,...
Bill Maher’s Astonishing Economic Illiteracy

Bill Maher’s Astonishing Economic Illiteracy

by Dan Mitchell | Feb 6, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

Back in 2013, I actually wrote something vaguely nice about HBO’s Bill Maher. Or at least I expressed approval for a point he made about the limits of class-warfare taxation. It’s now time to compensate for that action. Check out this interview. It’s about Obama’s new...

A Perfect Example of How Tax Competition Constrains Greedy Government

by Dan Mitchell | Feb 5, 2015 | Blogs, Economics, Tax Competition, Taxation

I’m a relentless (probably to the point of being annoying) proponent of tax competition among jurisdictions. It’s one of the reasons why I favor tax havens and federalism. Simply stated, politicians are less likely to do bad things when they know economic activity can...
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