by Dan Mitchell | Oct 24, 2022 | Blogs, Europe
I’m in Europe to give a couple of speeches about fiscal policy, so I’m going to spend all week commenting on the continent’s (mostly miserable) fiscal policy. Let’s start with comments about Italy, the nation most likely to suffer a crisis. Normally, I tell...
by Dan Mitchell | Jul 30, 2022 | Big Government, Blogs, Government Spending, Taxation
Yesterday’s column analyzed some depressing data in the new long-run fiscal forecast from the Congressional Budget Office. Simply stated, if we leave fiscal policy on auto-pilot, government spending is going to consume an ever-larger share of America’s...
by Dan Mitchell | Jul 29, 2022 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new long-run fiscal forecast. Like I did last year (and the year before, and the year before, etc), let’s look at some very worrisome data. We’ll start with projections over the next three...
by Dan Mitchell | May 26, 2022 | Big Government, Blogs, Government Spending
America’s fiscal future is very grim, largely because of an ever-expanding burden of entitlement spending. To see the magnitude of the problem, let’s peruse the Budget and Economic Outlook, which was released yesterday by the Congressional...
by Dan Mitchell | May 24, 2022 | Big Government, Blogs, Europe, Monetary Policy, Welfare and Entitlements
Earlier this year, I pointed out that President Biden should not be blamed for rising prices. There has been inflation, of course, but the Federal Reserve deserves the blame. More specifically, America’s central bank responded to the coronavirus...
