by Dan Mitchell | Oct 24, 2014 | Blogs, Economic Growth, Economics, Taxation
Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment. Yet that’s exactly what happens...
by Dan Mitchell | Oct 21, 2014 | Blogs, Economics, Taxation
In my writings on the Laffer Curve, I probably sound like a broken record because I keep warning that a nation should never be at the revenue-maximizing point. That’s because there’s lots of good research showing that there are ever-increasing costs to the economy as...
by Dan Mitchell | Oct 20, 2014 | Blogs, Economics, Tax Competition, Taxation
I wrote last year about the remarkable acknowledgement by Bono that free markets were the best way to lift people out of poverty. The leader of the U2 band and long-time anti-poverty activist specifically stated that, “capitalism has been the most effective ideology...
by Dan Mitchell | Oct 13, 2014 | Big Government, Blogs, Tax Harmonization, Taxation
The United Nations is not nearly as bad as other international bureaucracies such as the Organization for Economic Cooperation and Development or the International Monetary Fund. But that’s because the U.N. tends to be completely ineffective. So even when the...
by Dan Mitchell | Oct 6, 2014 | Blogs, Free Market, Tax Competition, Taxation
I’m not a big fan of international bureaucracies. Regular readers know that the Organization for Economic Cooperation and Development is the worst institution from my perspective, followed by the International Monetary Fund. Some folks ask why the United Nations isn’t...
