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Greece Needs to Expand its Experiment with Supply-Side Economics

Greece Needs to Expand its Experiment with Supply-Side Economics

by Dan Mitchell | Aug 3, 2020 | Big Government, Blogs, Taxation

There’s a reason that Greece is almost synonymous with bad economic policy. The country has endured some terrible prime ministers, most recently Alexis Tsipras of the far-left Syriza Party. Andreas Papandreou, however, wins the prize for doing the most damage. He...
Understanding “Public Goods”

Understanding “Public Goods”

by Dan Mitchell | Jul 31, 2020 | Big Government, Blogs, Government Spending

I wrote last month about “anarcho-capitalists” who think we don’t need any government because markets can provide everything. Most people, though, think that there are certain things (such as national defense and the rule of law) that are “public goods” because they...
Tax Increases Will Generate More Spending, More Debt, and Less Prosperity

Tax Increases Will Generate More Spending, More Debt, and Less Prosperity

by Dan Mitchell | Jul 30, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation

Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse...
Comparing Living Standards: The United States vs European Countries and other Developed Nations

Comparing Living Standards: The United States vs European Countries and other Developed Nations

by Dan Mitchell | Jul 29, 2020 | Blogs, Economics

My view of the U.S. economic policy often depends on whether I’m writing about absolute levels of laissez-faire or relative levels of laissez-faire. If my column is about the former, I generally complain about excessive spending, punitive taxation, senseless red...
Canada’s Fiscal Policy Has Been Deteriorating Under Trudeau, Even Before Coronavirus

Canada’s Fiscal Policy Has Been Deteriorating Under Trudeau, Even Before Coronavirus

by Dan Mitchell | Jul 28, 2020 | Big Government, Blogs, Government Spending

Back in 2011, CF&P released this video citing four nations – Canada, Ireland, Slovakia, and New Zealand – that achieved very good results with multi-year periods of genuine spending restraint. Today, let’s focus on what’s been happening with government spending in...
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