by Dan Mitchell | Aug 2, 2022 | Blogs, Economics, Free Market
At the start of this interview, I cite Economic Freedom of the World and the Index of Economic Freedom to make the point that more economic liberty is correlated with more human prosperity. For purposes of today’s column, I want to focus on the last half of the...
by Dan Mitchell | Aug 1, 2022 | Big Government, Blogs, Government Spending
I realize few readers are interested in small, faraway countries. But I periodically write about nations such as Jordan, Cyprus, Latvia, Vanuatu, Panama, and Pakistan because they offer important lessons – mostly negative, but sometimes positive – about fiscal policy....
by Dan Mitchell | Jul 31, 2022 | Big Government, Blogs, Government Spending
One of the best things about 2021 was the fact that Congress did not approve Joe Biden’s economically debilitating plan to raise taxes and expand the welfare state. His so-called Build Back Better plan was a very bad mix of class-warfare tax...
by Dan Mitchell | Jul 30, 2022 | Big Government, Blogs, Government Spending, Taxation
Yesterday’s column analyzed some depressing data in the new long-run fiscal forecast from the Congressional Budget Office. Simply stated, if we leave fiscal policy on auto-pilot, government spending is going to consume an ever-larger share of America’s...
by Dan Mitchell | Jul 29, 2022 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new long-run fiscal forecast. Like I did last year (and the year before, and the year before, etc), let’s look at some very worrisome data. We’ll start with projections over the next three...
