by Dan Mitchell | Mar 31, 2023 | Big Government, Blogs, States
In Part I or our series comparing red states and blue states, we found that the former enjoyed better overall economic performance. In Part II, we discovered that red states did much better with regards to unemployment. But the unemployment rate does...
by Dan Mitchell | Mar 23, 2023 | Big Government, Blogs, Economics, Socialism
In Part I of this series, I documented the dramatic decline in living standards ever since socialists took power in Venezuela. In Part II, I compared Venezuela’s decline to the other Latin American nations, particularly the success story of Chile....
by Dan Mitchell | Mar 12, 2023 | Big Government, Blogs, Economics, Socialism
Socialism is an immoral system that has a horrible track record of misery and failure. One of the most tragic examples is Venezuela. It used to be the richest nation in Latin America. But per-capita GDP has collapsed...
by Dan Mitchell | Mar 8, 2023 | Big Government, Blogs, Taxation
The combination of demographic change and poorly designed entitlement programs is producing an ever-increasing burden of federal spending. In my Twelfth Theorem of Government, I pointed out that this inevitably will mean big tax increases on...
by Dan Mitchell | Mar 7, 2023 | Big Government, Blogs, Welfare and Entitlements
Which European nation has the costliest welfare state? Greece would be a good guess, but it’s only in second place. At the top of the list, according to OECD data, is France, where government spending consumes nearly 60 percent of the nation’s economic...
