Even the IMF admits this.
Dan Mitchell
Daniel J. Mitchell is the President of the Center for Freedom and Prosperity and the Center for Freedom and Prosperity Foundation. Dr. Mitchell advocates limited government and fundamental tax reform, and is the nation’s leading opponent of tax harmonization schemes developed by the Brussels-based European Union, the Paris-based Organization for Economic Cooperation and Development (OECD), and the United Nations.
In addition to fiscal policy, Dr. Mitchell is a trenchant observer of economic developments and an expert on Social Security reform – particularly the fiscal policy impact of reform and what the US can learn from other nations that have created personal retirement accounts.
Astounding Example of White House Chutzpah
Biden is doing what comes naturally to politicians
Japan’s Failed Experiment in Industrial Policy
People still think government should try to steer the economy.
Mirror, Mirror, on the Wall, What State Has the Best Tax Policy of All?
Some very interesting changes.
More Academic Evidence for School Choice
Competition produces better results.
European Fiscal Policy Week, Part VI: The Swiss Spending-Cap Solution
An optimistic note.
European Fiscal Policy Week, Part V: The European Union, Centralization, and Redistribution
Reasons for being a pessimist about the European Union.
European Fiscal Policy Week, Part IV: Bad U.K. Monetary Policy Leads to Bad U.K. Fiscal Policy
All the bad monetary policy led to bad results.
European Fiscal Policy Week, Part III: A Continent-Wide Spending Problem
What’s the best response to this slow-motion fiscal disaster?
European Fiscal Policy Week, Part II: The Right Response to Italy’s Fiscal Crisis
There should be consequences for imprudent choices.