by Dan Mitchell | Dec 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Earlier this year, extrapolating from a study by the nonpartisan Congressional Budget Office, Robert O’Quinn (former Chief Economist at the Department of Labor) and I authored a study on the economic impact of Biden’s fiscal plan. The results...
by Dan Mitchell | Dec 2, 2021 | Big Government, Blogs
When criticizing the IMF, I usually focus on how the bureaucrats relentlessly urge higher taxes. Indeed, I often complain about how the bailouts are provided only if countries agree to raise taxes (another lose-lose situation). Today, though, I want to write...
by Dan Mitchell | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
by Dan Mitchell | Nov 16, 2021 | Big Government, Blogs, Europe
I regularly cite data about Europe’s sub-par economic outcomes in hopes of driving home the point that the United States should not copy that continent’s approach of onerous fiscal burdens. Which is now a very relevant topic with Biden...
by Dan Mitchell | Nov 10, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
Biden’s budget plan is based on fraudulent numbers, but it is also based on the fraudulent idea that a big, European-style welfare state can be financed without fleecing lower-income and middle-class taxpayers. I’ve repeatedly pointed out that this is not...
