by Dan Mitchell | Nov 17, 2021 | Big Government, Blogs, Government Spending
I’ve periodically warned the European nations such as France, Italy, Greece, and Spain almost surely are doomed to suffer a fiscal crisis. This is because governments in Europe didn’t respond to the 2010 crisis by actually...
by Dan Mitchell | Nov 16, 2021 | Big Government, Blogs, Europe
I regularly cite data about Europe’s sub-par economic outcomes in hopes of driving home the point that the United States should not copy that continent’s approach of onerous fiscal burdens. Which is now a very relevant topic with Biden...
by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Nov 14, 2021 | Blogs, Economics
There are some issues – such as class-warfare tax rates and the minimum wage – where intelligent people on the left will privately admit being wrong (or at least they will admit adverse consequences). Another example is rent control. Indeed,...
by Dan Mitchell | Nov 12, 2021 | Blogs, Economics
Way back in 2009, I shared a meme that succinctly summarizes how Washington operates. It’s basically a version of Mitchell’s Law. To elaborate, governments cause problems and politicians then use those problems as an excuse to make government even...
