By Daniel J. Mitchell
When Ronald Reagan said that big government undermined the economy, some people dismissed his comments because of his philosophical belief in liberty. And when I discuss my work on the economic impact of government spending, I often get the same reaction. This is why it’s important that a growing number of establishment outfits are slowly [...]
Data in New World Bank Report Shows that Large Public Sectors Reduce Economic Growth is a post from Cato @ Liberty – Cato Institute Blog
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Is it April Fool’s Day? Has somebody in Paris hacked the website at the Organization for Economic Cooperation and Development? Have we been transported to a parallel dimension where up is down and black is white? Please forgive all these questions. I’m trying to figure out why any organization—even a leftist bureaucracy such as the [...]
Acting as the Typhoid Mary of the Global Economy, the OECD Urges Higher Taxes in Latin America is a post from Cato @ Liberty – Cato Institute Blog
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On this day last year, I posted two charts that I developed using the Minneapolis Federal Reserve Bank’s interactive website. Those two charts showed that the current recovery was very weak compared to the boom of the early 1980s. But perhaps that was an unfair comparison. Maybe the Reagan recovery started strong and then hit [...]
One Year Later, Another Look at Obamanomics vs. Reaganomics is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
One year ago, I wrote about how the French government was getting unexpected additional revenues following the implementation of lower tax rates.
This is the Laffer Curve in action, and it’s …
The Laffer Curve Works, Even in France is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
In the past 20-plus years, I’ve seen all sorts of arguments for class-warfare taxation.These include: President Obama says he wants higher tax rates for fairness, even if the government doesn’t collect any revenue. Rich leftists say they want higher taxes because they can afford to pay, but then refuse when offered a chance to cough [...]
Soak-the-Rich Taxes Create Happier Nations According to Junk Science Study is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
I’ve written before about whether California is the Greece of America, in part because of crazy policies such as overpaid bureaucrats and expensive forms of political correctness, And we all know that California has one of the nation’s greediest governments, imposing confiscatory tax rates on a shrinking pool of productive citizens. So it is hardly [...]
Will the Last Job Creator to Leave California Please Turn Off the Lights? is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
I’ve commented many times about the misguided big-government policies of both Hoover and FDR, so I can say with considerable admiration that this new video from the Center for Freedom and Prosperity packs an amazing amount of solid info into about five minutes. Perhaps the most surprising revelation in the video, at least to everyone other [...]
New Video Punctures Myths about Great Depression, Exposes Damaging Impact of Statist Policies by Hoover and FDR is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop up these big government policies. So it’s especially noteworthy [...]
European Central Bank Research Shows that Government Spending Undermines Economic Performance is a post from Cato @ Liberty – Cato Institute Blog
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If U.S. history is a painting on a giant canvas, President Barack Obama’s speech this week in Osawatomie, Kansas, is a thick coat of whitewash layered all over it, and the failure of the last three years lies underneath. The President’s pretense is that, no, it’s not Obamanomics that has caused persistent unemployment, stunted growth and record deficits–it’s supply side economics! Talk about audacity. The President’s speech was a naked portrayal of his vision of America–one where inequality runs rampant, where the American dream is nearly dead, where the rich … More
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