by Dan Mitchell | Oct 17, 2025 | Big Government, Blogs, Government Spending
Because economists are lousy forecasters, I don’t pretend to know when a fiscal crisis will occur or which nation will be the first debt domino. But it will happen. Indeed, I suspect it will happen the next time there’s an economic downturn (though I...
by Dan Mitchell | Oct 16, 2025 | Blogs, Taxation
I’m not a big fan of international bureaucracies. Most of my hostility has been directed at the International Monetary Fund and Organization for Economic Cooperation and Development for the simple reason that they actually have some...
by Dan Mitchell | Oct 15, 2025 | Blogs, Economics
Back in 2011, I shared two cartoons to illustrate why the welfare state might theoretically collapse. Today, I’m going to examine what I fear will be a real-world example. I’ve written a four-part series about France’s dire fiscal status...
by Dan Mitchell | Oct 14, 2025 | Blogs, Economics, Taxation
There can be honest and constructive debates about the size of government, such as when I cross swords with someone on the left who understands Arthur Okun’s efficiency-equity tradeoff. Another legitimate debate is about the impact of tax policy,...
by Dan Mitchell | Oct 13, 2025 | Blogs, Health Care
Back in 2017, I unveiled the 2nd Theorem of government, which observed that it is much easier to stop a new program than to repeal an existing program. The example I used was Obamacare. Republicans had spent years arguing that the law was bad fiscal...
