by Dan Mitchell | May 16, 2025 | Blogs, Economics, Free Market
Let’s start today’s column with a refresher look at my video on creative destruction. I had two goals with this video. First, creative destruction can be painful, but it is an inherent and necessary part of the growth process. Second, creative destruction happens from...
by Dan Mitchell | May 15, 2025 | Big Government, Blogs, Government Spending
I’m in London today as part of the Free Market Road Show, so let’s focus this column on the grim state of fiscal policy in the United Kingdom. The supposed Conservative Party fell off the wagon of fiscal sobriety starting in 2019 and the Labour...
by Dan Mitchell | May 14, 2025 | Blogs, Economics, Europe
There’s an enormous amount of data showing that people in the United States enjoy much higher livings standards than Europeans. That’s not too surprising since most European governments have adopted large-sized welfare states while...
by Dan Mitchell | May 13, 2025 | Big Government, Blogs, Welfare and Entitlements
Here are five grim – but uncontestable – facts about America’s dicey fiscal future. The federal government’s budget is very large today and is expected to get much larger in the future. Entitlement programs are the primary reason why federal spending is an...
by Dan Mitchell | May 12, 2025 | Big Government, Blogs, Government Spending, Taxation
I’ve written several times about the “Austrian School” of economics, but I’ve never written about the economics of Austria. Since I just spoke in Vienna on the topic of that nation’s fiscal policy, this is a good opportunity to make up for the lack of...
