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Lessons from China’s Stock Market Crash

by Dan Mitchell | Jul 11, 2015 | Big Government, Blogs, Economics, Free Market

When I first got to Washington in the mid-1980s, one of the big issues was the supposedly invincible Japanese economy. Folks on the left claimed that Japan was doing well because the government had considerable power to micro-manage the economy with industrial policy....
New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

by Dan Mitchell | Jul 9, 2015 | Big Government, Blogs, Economics, Europe, Government Spending

The European Commission’s data-gathering bureaucracy, Eurostat, has just published a new report on government finances for the region. And with Greece’s ongoing fiscal turmoil getting headlines, this Eurostat publication is worthwhile because it debunks the notion,...

Puerto Rico: Another Harsh Lesson about the Consequences of Violating Fiscal Policy’s Golden Rule

by Dan Mitchell | Jul 7, 2015 | Big Government, Blogs, Economics, Government Spending

When I make speeches about fiscal policy, I oftentimes share a table showing the many nations that have made big progress by enforcing spending restraint over multi-year periods. I then ask audiences a rhetorical question about a possible list of nations that have...

The Corrupt, Cronyist Export-Import Bank Was Not Re-Authorized, so Let’s Celebrate a (Hopefully Permanent) Victory over Corporate Welfare

by Dan Mitchell | Jul 2, 2015 | Big Government, Blogs, Economics

Advocates of economic liberty, free market, and small government haven’t enjoyed many victories in the 21st Century. Government got bigger and more expensive during Bush’s reign, starting in his first year with the No Bureaucrat Left Behind legislation and then ending...
Economic Lessons from the Nordic Countries

Economic Lessons from the Nordic Countries

by Dan Mitchell | Jun 30, 2015 | Blogs, Economics, Free Market

Folks on the left sometimes act as if the Nordic nations somehow prove that big government isn’t an impediment to prosperity. As I’ve pointed out before, they obviously don’t spend much time looking at the data. So let’s give them a reminder. Here are the rankings...
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