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Greece and the Grim Consequences of Democratic Socialism

by Dan Mitchell | Oct 30, 2018 | Big Government, Blogs

My left-leaning friends periodically tell me that there’s a big difference between their benign policies of democratic socialism and the wretched track records of Marxist socialism, national socialism, and other forms of totalitarianism. I agree. Living in a European...

A Helpful Solution to Italy’s Budget Standoff with the European Commission

by Dan Mitchell | Oct 26, 2018 | Big Government, Blogs, Economics

I’ve warned many times that Italy is the next Greece. Simply stated, there’s a perfect storm of bad news. Government is far too big, debt is too high, and the economy is too sclerotic. I’ve always assumed that the country would suffer a full-blown fiscal crisis when...
Amazon’s Pay Hike: The Good, the Bad, and the Ugly

Amazon’s Pay Hike: The Good, the Bad, and the Ugly

by Dan Mitchell | Oct 4, 2018 | Big Government, Blogs

I want higher wages. Indeed, that’s a big reason why I favor better tax policy. I want low rates and less double taxation so we get more entrepreneurship and investment, which then will lead to higher productivity and more compensation for workers. With this in mind,...
A Primer on the Folly (and Evil) of Socialism

A Primer on the Folly (and Evil) of Socialism

by Dan Mitchell | Sep 17, 2018 | Big Government, Blogs, Economics

I’ve written many times about socialism, which is sometimes a frustrating task because the definition is slippery. I suspect the average supporter of Bernie Sanders or Alexandria Ocasio-Cortez thinks that socialism is big government, with lots of handouts financed by...

Can We Predict When Venezuela’s Statist Nightmare Will End?

by Dan Mitchell | Sep 13, 2018 | Big Government, Blogs

Ever since 2010, I’ve been pointing out that Venezuela is a horrifying and tragicexample of what happens when the private sector in a country is almost completely suffocated by excessive government. And with the country now in a death spiral, you would think it’s a...
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