by Dan Mitchell | Mar 14, 2019 | Big Government, Blogs, Tax Competition, Taxation
I wrote a couple of weeks ago about how New York is committing slow-motion fiscal suicide. The politicians in Illinois must have noticed because they now want (another “hold my beer” moment?) to accelerate the already-happening collapse of their state. The new...
by Dan Mitchell | Mar 11, 2019 | Big Government, Blogs, Economics
Socialism is a joke. It doesn’t work. And it is so often a gateway to totalitarianism. But that doesn’t mean it won’t happen. In this interview, I express my concern that the United States has passed a tipping point. In the discussion, I included my usual caveat...
by Dan Mitchell | Mar 1, 2019 | Big Government, Blogs, Economics, Government Spending
Back in January, I wrote about the $42 trillion price tag of Alexandria Ocasio-Cortez’s Green New Deal. To pay for this massive expansion in the burden of government spending, some advocates have embraced “Modern Monetary Theory,” which basically assumes the Federal...
by Dan Mitchell | Feb 19, 2019 | Big Government, Blogs, Taxation
I’m not an optimist about the future of Europe, mostly because welfare states are unaffordable in nations suffering from demographic decline. Given the grim trends on the continent, I expect many other nations (probably led by Italy) will experience the fiscal and...
by Dan Mitchell | Feb 15, 2019 | Big Government, Blogs, Socialism
In Part I of this series, we examined the horrific tragedy of Venezuelan statism, and in Part II of this series, we looked at the Scandinavian “free-market welfare state.” Today, Part III will look at the ongoing deterioration of Greece. I’ve written many times about...
