by Dan Mitchell | Mar 23, 2017 | Big Government, Blogs, Government Spending
The annual budget for our bloated and sclerotic federal government consumes about $4 trillion of America’s economic output, yet President Trump so far has not proposed to reduce that overall spending burden by even one penny. A few programs are targeted for cuts, to...
by Dan Mitchell | Jan 29, 2017 | Big Government, Blogs, Economics
The famous French diplomat Charles Maurice de Talleyrand supposedly said that a weakness of the Bourbon monarchs was that they learned nothing and forgot nothing. If so, the genetic descendants of the Bourbons are now in charge of Europe. But before explaining why,...
by Dan Mitchell | Nov 18, 2016 | Blogs, Society
The concept of secession (part of a jurisdiction breaking away to become independent) has a bad reputation in the United States because it is linked to the reprehensible institution of slavery. But, as Walter Williams has explained, secession today may be an effective...
by Dan Mitchell | Nov 15, 2016 | Big Government, Blogs, Economics, Government Spending
During the election, Donald Trump promised a big package of infrastructure spending, twice as much new spending as Hillary Clinton was proposing. During his victory speech the night of the election, he doubled down on this approach, promising that more infrastructure...
by Dan Mitchell | Nov 6, 2016 | Blogs, Europe
Back in 2012, I wrote a detailed article explaining that Europe became rich in part because Europe didn’t exist. The geographic landmass of Europe existed, of course, but the continent was characterized by massive political fragmentation. And this absence of...
