by Dan Mitchell | Jul 7, 2024 | Big Government, Blogs, Economics, Government Spending
I’ve written previously about Pakistan getting into trouble because government spending grew too fast over a multi-year period. And I also wrote about Kenya suffering economic problems for the same reason. Today, let’s look at the fiscal...
by Dan Mitchell | Jul 6, 2024 | Blogs, States, Taxation
Most people don’t appreciate the importance of trend lines in public policy. A country with just a little bit more growth each year will become significantly richer in the long run. A modest change in annual spending growth can make a big difference in long-run fiscal...
by Dan Mitchell | Jul 5, 2024 | Big Government, Blogs
I want Reaganism/Thatcherism mostly because I support good policy, but I also think small-government conservatism is good politics (my 4th Theorem). Especially compared to big-government conservatism, which suffered a landslide loss yesterday...
by Dan Mitchell | Jul 4, 2024 | Blogs, Uncategorized
Six years ago, I cited a great 4th of July speech by Calvin Coolidge about American principles. What I didn’t mention is that Coolidge also was born on July 4. Which is one of the factoids in this video about America’s vastly underappreciated 30th...
by Dan Mitchell | Jul 3, 2024 | Blogs, Economics, Free Market
Two years ago, I explained how the industrial revolution helped catapult the western world to unimaginable prosperity. Today, let’s build on that column by looking at some of the secondary benefits. We’ll start with a chart from Our World in Data showing a...
