by Dan Mitchell | Apr 23, 2025 | Big Government, Blogs, Government Spending
In the past seven months, I’ve used my 20th Theorem of Government to analyze three countries (France, Brazil, Colombia) and two states (Maryland, Washington). All of those case studies were examples of “fiscal deterioration,” which occurs when politicians...
by Dan Mitchell | Apr 22, 2025 | Opinion and Commentary
Originally published by The Telegraph on April 15, 2025. In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act. Combined with many other policy mistakes, that protectionist law led to a dramatic contraction in global trade and contributed to America’s decade-long...
by Dan Mitchell | Apr 22, 2025 | Blogs, Economics, Free Market
I thought I found the sure winner of the counter-tweet of the year back in February when @jmhorp debunked a silly and illiterate tweet from @ATLCWorker. The inescapable conclusion from that exchange was that capitalism is the best...
by Dan Mitchell | Apr 21, 2025 | Big Government, Blogs, Government Spending
In 2020, I crunched numbers from OMB’s Historical Tables to rank the fiscal performance of nine recent presidents, going all the way back to LBJ. I was especially interested to see which presidents did best and worst when looking on overall...
by Dan Mitchell | Apr 20, 2025 | Blogs, Monetary Policy
I have been very critical of the Federal Reserve. For a long time. The central bank has give us more than one hundred years of boom-and-bust monetary policy. And to make matters worse, the booms are false and the busts are real. Yet no...
