In response to:

Portugal May Become the First of Europe’s Bankrupt Welfare States to Stumble upon a Genuine Recovery Formula: Less Spending AND Lower Tax Rates

cchuba Wrote: Dec 20, 2012 11:45 AM
What is the name of Daniel Mitchell's economic school of thought? It's not supply side, because supply side only mentions tax cuts to spur the private sector. If anything, Dan Mitchell emphasizes gov't spending reductions as being more important than even tax cuts.
Birdman III Wrote: Dec 20, 2012 4:18 PM
The Common Sense School of Thought.
Robert97 Wrote: Dec 20, 2012 3:44 PM
Supply side also champions other measures to increase savings/investments, not just tax cuts.

There aren’t many fiscal policy role models in Europe.

Switzerland surely is at the top of the list. The burden of government spending is modest by European standards, in part because of a very good spending cap that prevents politicians from overspending when revenues are buoyant. Tax rates also are reasonable. The central government’s tax system is...