by Dan Mitchell | May 26, 2022 | Big Government, Blogs, Government Spending
America’s fiscal future is very grim, largely because of an ever-expanding burden of entitlement spending. To see the magnitude of the problem, let’s peruse the Budget and Economic Outlook, which was released yesterday by the Congressional...
by Dan Mitchell | May 25, 2022 | Blogs, Taxation
I’m not a fan of the International Monetary Fund, in part because the international bureaucracy is infamous for pressuring nations to impose higher taxes. The bureaucrats at the IMF have even claimed that higher taxes somehow will...
by Dan Mitchell | May 24, 2022 | Big Government, Blogs, Europe, Monetary Policy, Welfare and Entitlements
Earlier this year, I pointed out that President Biden should not be blamed for rising prices. There has been inflation, of course, but the Federal Reserve deserves the blame. More specifically, America’s central bank responded to the coronavirus...
by Dan Mitchell | May 23, 2022 | Blogs, Taxation
Trump had some economically illiterate tweets about trade during his presidency, including the infamous one about being “Tariff Man.” I think Joe Biden must be feeling envious that Trump got so much attention, so he has issued a tweet showing that...
by Dan Mitchell | May 22, 2022 | Blogs, Education
For years, I’ve been explaining that students have been hurt rather than helped by government programs to allegedly make higher education more affordable. How can this be true? For the simple reason that colleges and universities dramatically boosted tuition...
