by Dan Mitchell | Jun 27, 2024 | Big Government, Blogs, Government Spending, Taxation
I wrote earlier this year about Kenya’s fiscal policy and I made two points. Kenya is in trouble because the burden of government spending has exploded over the past twenty-plus years. Tax increases in Kenya are backfiring because people are changing their...
by Dan Mitchell | Jun 26, 2024 | Big Government, Blogs, Taxation
The Organization for Economic Cooperation and Development is a Paris-based international bureaucracy that originally was created to engage in benign activities such as gathering statistics about member nations. It still does some of that, but it also has...
by Dan Mitchell | Jun 25, 2024 | Blogs, Economics, Socialism
Communism is a terrible and evil system with a deadly track record. The bad news is that communism still exists, with the basket case of North Korea being an example of a country that has retained traditional Marxist socialism. The good...
by Dan Mitchell | Jun 24, 2024 | Blogs, Economics
Because of my libertarian instincts and sympathy for taxpayers, I’m not a fan of foreign aid. But there’s also the very practical argument that foreign aid simply does not work. More aid doesn’t produce more growth. Indeed, handouts may hinder...
by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending
More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...
