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More Scholarly Evidence for Switzerland’s Debt Brake

More Scholarly Evidence for Switzerland’s Debt Brake

by Dan Mitchell | Oct 19, 2020 | Big Government, Blogs, Government Spending

For a land-locked nation without many natural resources, Switzerland is remarkably successful. One reason for the country’s success is pro-market policy. Switzerland routinely scores in the top 5 according to both Economic Freedom of the World and Index of Economic...
More Scholarly Evidence for Switzerland’s Debt Brake

The Continuing Success of Switzerland’s Spending Cap

by Dan Mitchell | Jun 27, 2018 | Big Government, Blogs, Economics, Government Spending

There are many threats to prosperity, both in the short run and long run. A tit-for-tat global trade war that would repeat the mistakes of the 1930s. Punitive class-warfare taxes stifling investment and entrepreneurship. Financial bubbles fueled by the easy-money...

Even the OECD Now Admits Spending Caps Are the only Effective Way of Restraining Government

by Dan Mitchell | Nov 11, 2015 | Big Government, Blogs, Europe, Government Spending

I’m not a big fan of the Paris-based Organization for Economic Cooperation and Development. That international bureaucracy is controlled by high-tax nations that want to export bad policy to the rest of the world. As such, the OECD frequently advocates policies that...

Balanced Budget Requirements Don’t Work as Well as Spending Limits

by Dan Mitchell | May 25, 2015 | Big Government, Blogs, Government Spending

When I first came to Washington back in the 1980s, there was near-universal support and enthusiasm for a balanced budget amendment among advocates of limited government. The support is still there, I’m guessing, but the enthusiasm is not nearly as intense. There are...
Iceland, Switzerland, and the Golden Rule of Fiscal Policy

Iceland, Switzerland, and the Golden Rule of Fiscal Policy

by Dan Mitchell | Nov 4, 2013 | Big Government, Blogs, Government Spending

Being a glass-half-full kind of guy, I look for kernels of good news when examining economic policy around the world. I once even managed to find something to praise about French tax policy. And I can assure you that’s not a very easy task. I particularly try to find...
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