During periods of economic weakness, governments often respond with “loose” monetary policy, which generally means that central banks will take actions that increase liquidity and artificially lower interest rates.
Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy and is Chairman of the Center for Freedom and Prosperity. Mitchell is a strong advocate of a flat tax and international tax competition.
March 3, 2015, 4:07 PM EST
February 27, 2015, 10:50 AM EST
While immigration is a very contentious issue for the politicians in Washington, there’s actually some level of agreement among people in the real world.
February 18, 2015, 3:48 PM EST
There’s a big fiscal battle happening in Europe. The relatively new Greek government is demanding continued handouts from the rest of Europe, but it wants to renege on at least some of the country’s prior commitments to improve economic performance by reducing the preposterous burden of spending, regulation, and intervention.
America’s ‘Senselessly Punitive Corporate Tax System Drives Corporations and Citizens to Re-Domicile’
February 17, 2015, 3:16 PM EST
Last September, I wrote that America’s business tax system is a nightmare that simultaneously undermines the competitiveness of American companies while also causing lots of irritation in other nations.
February 12, 2015, 11:32 AM EST
Here’s my hypothesis to explain why statists don’t support good policies. Simply stated, I think they hate the rich more than they like the poor.
January 30, 2015, 10:33 AM EST
The Obama Administration has already announced a bunch of tax increases that will be part of the President’s soon-to-be-released budget.
January 21, 2015, 11:40 AM EST
The White House claims that the “rich” will bear the burden of the new taxes on capital, but the net effect will be to discourage capital investment, which means workers will be less productive and earn less income.
January 15, 2015, 10:53 AM EST
It’s very frustrating to write about the minimum wage. How often can you make the elementary observation, after all, that you’ll get more unemployment if you try to make businesses pay some workers more than they’re worth?
January 13, 2015, 3:39 PM EST
Way back in 2010, immediately after Obamacare was rammed down our throats, I put together four guiding principles for a counter-offensive.
January 7, 2015, 11:26 AM EST
Shortly after Obamacare was enacted, I began to maintain a list of groups that were victimized by the law. But after listing kids, low-income workers, and retirees, I quickly realized this was a senseless exercise because virtually everyone in the country was going to be hurt by this expansion of government power and control.
December 30, 2014, 2:52 PM EST
As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), Paul Krugman is in the rather difficult position of rationalizing why the economy was stagnant when Obama first took office and the burden of government spending was rising.
December 17, 2014, 2:12 PM EST
With a simple and fair tax system, we could get rid of high tax rates that penalize productive behavior. We could eliminate the double taxation that discourages saving and investment. And we could wipe out the rat’s nest of deductions, credits, exemptions, preferences, exclusions, and other loopholes that bribe people into making economically unwise decisions.
December 4, 2014, 10:17 AM EST
The United States is burdened with some very bad policies that hinder growth and undermine competitiveness. But sometimes you can win a race if your rivals have policies that are even more self-destructive.
December 2, 2014, 9:53 AM EST
Today, I want to share a feel-good story to come out of that town’s troubles. Rather than looting, some citizens served as protectors of property.
November 26, 2014, 2:05 PM EST
I generally focus on the profligate habits and abusive tactics of the federal government in Washington, but that doesn’t mean other levels of government are well behaved.
November 21, 2014, 11:02 AM EST
I don’t like coerced redistribution. When the government uses the threat of force to take from Person A to give to Person B, it simultaneously reduces Person A’s incentives to produce while also luring Person B into dependency.
November 17, 2014, 3:07 PM EST
Notwithstanding the landslide rejection of Obama and his policies in the mid-term election, I don’t think this will produce big changes in policy over the next two years.
November 14, 2014, 10:33 AM EST
I’ve been fretting for a long time that poorly designed entitlement programs are going to turn America into a decrepit welfare state.
November 6, 2014, 1:55 PM EST
I’ve always objected when leftists engage in moral preening about how they supposedly are more compassionate.
November 5, 2014, 12:45 PM EST
I’ve been banging the drum for years about Washington being a racket for the benefit of politicians, cronyists, bureaucrats, contractors, lobbyists, interest groups and other insiders.