by Dan Mitchell | Mar 21, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I’ve looked at some of the grim fiscal implications of demographic changes the United States and Europe. Now let’s look at what’s happening in Asia. The International Monetary Fund has a recent study that looks at shortfalls in government-run pension schemes and...
by Dan Mitchell | Mar 20, 2017 | Big Government, Blogs, Economics, Regulations
It’s relatively easy to demonstrate how certain regulations make our lives less pleasant (inferior light bulbs, substandard toilets, inadequate washing machines, crummy dishwashers, etc). Furthermore, it’s also simple to highlight examples of foolish and...
by Dan Mitchell | Mar 19, 2017 | Blogs, Economics, Free Market
An essential part of a free market economy is the price system. The competitive pricing of goods and services transmits information to producers and consumers and creates incentives for the efficient allocation of resources. Just as the circulatory system or nervous...
by Dan Mitchell | Mar 18, 2017 | Big Government, Blogs, Government Spending, Government Waste
Donald Trump’s Budget Blueprint doesn’t thrill me, largely because it’s silent on the very important issues of tax reform and entitlement reform. All that he’s proposing is to rearrange the allocation of annually appropriated spending (the so-called discretionary...
by Dan Mitchell | Mar 17, 2017 | Big Government, Blogs, Government Spending
President Trump has released his budget blueprint. From a big picture perspective, the size of government won’t change. He’s kicking the can down the road on entitlements, which is obviously disappointing for people who can add and subtract. He does cut some domestic...
