by Dan Mitchell | Nov 25, 2014 | Big Government, Blogs, Government Spending, Taxation
Since I’ve accused the Congressional Budget Office of “witch doctor economics and gypsy forecasting,” it’s obvious I’m not a big fan of the organization’s approach to fiscal analysis. I’ve even argued that Republicans shouldn’t cite CBO when the...
by Dan Mitchell | Nov 22, 2014 | Blogs, Tax Competition, Tax Harmonization, Taxation
Tax competition is a very important tool for constraining the greed of the political class. Simply stated, politicians are less likely to impose bad tax policy if they are afraid that jobs and investment (and accompanying tax revenue) willmove to jurisdictions with...
by Dan Mitchell | Nov 16, 2014 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) are congressional bureaucracies that wield tremendous power on Capitol Hill because of their role as fiscal scorekeepers and referees. Unfortunately, these bureaucracies lean to the left. When...
by Dan Mitchell | Nov 13, 2014 | Blogs, Economics, Taxation
I don’t pretend that tax reform, by itself, will create economic Nirvana. After all, the experts who measure economic policy and economic performance say that only about 20 percent of a nation’s prosperity is determined by fiscal policy. Nonetheless, I’m a big fan of...
by Dan Mitchell | Nov 8, 2014 | Big Government, Blogs, Economics, Taxation
Every so often, I see a cartoon or image that provides a teachable moment about economics. This Wizard-of-Id parody, for instance, contains a lot of insight about labor economics. As does this Chuck Asay cartoon and this Robert Gorrell cartoon. And if you want to...
