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More Evidence for Switzerland’s Spending Cap

More Evidence for Switzerland’s Spending Cap

by Dan Mitchell | Mar 18, 2023 | Big Government, Blogs, Government Spending

Back in 2012, I wrote a column for the Wall Street Journal to highlight the success of Switzerland’s spending cap (also known as the “debt brake”). Swiss voters voted for this spending cap in 2001 and ever since it took effect in 2003,...
Political Drama: French Welfare State Showdown

Political Drama: French Welfare State Showdown

by Dan Mitchell | Mar 17, 2023 | Big Government, Blogs, Welfare and Entitlements

I wrote last week about President Macron’s very modest effort to slow down the growth of the welfare state and started with a chart showing that France has the highest overall burden of government spending in the developed world. The good news (relatively speaking) is...
The Case Against Biden’s Class-Warfare Tax Policy, Part VI

The Case Against Biden’s Class-Warfare Tax Policy, Part VI

by Dan Mitchell | Mar 16, 2023 | Blogs, Taxation

Last week, I wrote about Biden’s proposed budget, focusing on the aggregate increase in the fiscal burden. Today, let’s take a closer look at his class-warfare tax proposals. Consider this Part VI in a series (Parts I-V can be...
Special Interests Threaten to Hijack Financial Data Privacy Legislation

Special Interests Threaten to Hijack Financial Data Privacy Legislation

by Dan Mitchell | Mar 15, 2023 | Opinion and Commentary

Originally published by the Washington Times on March 7, 2023. The rapid march of technology has paved the way for a slew of privacy challenges that lawmakers have struggled to address. Consequently, data privacy is a growing concern for Americans finding it difficult...
Bank Failures and the Federal Reserve’s Recipe for Hangover Economics

Bank Failures and the Federal Reserve’s Recipe for Hangover Economics

by Dan Mitchell | Mar 15, 2023 | Blogs, Economics

Want to know who to blame for the failure of Silicon Valley Bank, Signature Bank, and the general turmoil in the banking sector? Poor management is part of the answer, of course, but the Federal Reserve also should be castigated because of bad monetary...
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