by Dan Mitchell | Dec 18, 2025 | Opinion and Commentary
Originally published by FEE on December 12, 2025. According to a new report from the New York Federal Reserve, Americans have accumulated over one trillion in credit card debt, an all-time high. It’s a record that would make financial advisor Dave Ramsey...
by Dan Mitchell | Dec 18, 2025 | Big Government, Blogs, Taxation, Welfare and Entitlements
The United States faces a huge long-run fiscal problem because government is growing too fast. Entitlement programs are the main problem. For example, a rising burden of Social Security spending means that outlays will exceed revenues by $65.8...
by Dan Mitchell | Dec 17, 2025 | Blogs, Economics, Free Market
I’ve showered Switzerland with praise in recent months. Now it’s time for more. The 2025 version of the Human Freedom Index has been released and Switzerland has the world’s highest combination of economic and personal...
by Dan Mitchell | Dec 16, 2025 | Blogs, Economics, Welfare and Entitlements
In Part I of this series, I explained that modern welfare states are in deep trouble because of falling birth rates. The core of the problem is that entitlement programs generally tax young people to subsidize old people. And fewer babies today means fewer workers...
by Dan Mitchell | Dec 15, 2025 | Big Government, Blogs, Government Spending
I’m not a fan of the Organization for Economic Cooperation and Development (OECD). The Paris-based bureaucracy is dominated by Europe’s left-leaning welfare states, so it unsurprisingly has a statist policy agenda (especially on fiscal...
