by Dan Mitchell | Jun 1, 2022 | Big Government, Blogs, Government Spending
The 21st century has been bad news for America’s taxpayers. Every president (George W. Bush, Barack Obama, Donald Trump, and Joe Biden) has been a big spender. We obviously can’t give Biden a final grade since he has at least two more years in...
by Dan Mitchell | May 31, 2022 | Big Government, Blogs
Here are some of America’s main economic problems. Painful inflation caused by bad monetary policy by the government.Excessive spending and debt caused by bad fiscal policy by the government.Rising prices and waste caused by bad health...
by Dan Mitchell | May 29, 2022 | Big Government, Blogs
Everyone likes the idea of “state capacity,” at least when it means competent, honest government rather than dysfunctional, corrupt government. But the consensus disappears when some folks argue that you achieve this goal by making government bigger. It’s...
by Dan Mitchell | May 24, 2022 | Big Government, Blogs, Europe, Monetary Policy, Welfare and Entitlements
Earlier this year, I pointed out that President Biden should not be blamed for rising prices. There has been inflation, of course, but the Federal Reserve deserves the blame. More specifically, America’s central bank responded to the coronavirus...
by Dan Mitchell | May 13, 2022 | Big Government, Blogs, Taxation, VAT
As part of my (reality-based) opposition to a value-added tax, I testified to the Ways & Means Committee back in 2011. My primary argument against the VAT is that it would enable a bigger burden of government spending. I frequently share this chart, for...
