by Dan Mitchell | May 2, 2024 | Big Government, Blogs, Economics
Just a few months ago, I wrote about Germany’s fiscal decay. Over the past eight years, government spending has grown much faster than the private sector, thus violating the Golden Rule of fiscal policy. Given the shift to bad policy in Germany, I...
by Dan Mitchell | May 1, 2024 | Blogs, Economics
Genuine material deprivation is almost nonexistent in rich nations such as the United States. This is a huge improvement compared to how people lived just 100 or 20o years ago. Yet public policy fights about poverty will probably never end for the...
by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending
I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
by Dan Mitchell | Apr 29, 2024 | Blogs, Capital Gains, Taxation
The tax bias against saving and investment is a major problem in the United States and many other nations. According to the latest-available data from the Tax Foundation, the worst of the worst is Canada. So how does Canada’s...
by Dan Mitchell | Apr 28, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements
I already shared my thoughts about the value-added tax when discussing fiscal policy with an economist at the Confederation of Swedish Enterprise. Here’s some of what I said about tax progressivity and the welfare state. The bottom line is that the American tax...
