by Dan Mitchell | Dec 24, 2016 | Big Government, Blogs, Economics, Government Spending
What could be more fun than to spend the day before Christmas reading about fiscal policy? I realize there are probably endless ways to answer that question, particularly since normal people are probably more concerned about the rumor that the feds are going to arrest...
by Dan Mitchell | Sep 18, 2016 | Big Government, Blogs, Europe
When I tell journalists and politicians that the European fiscal situation is worse today than it was immediately prior to the crisis, they don’t believe me. What about all the spending cuts, they ask? What about the draconian austerity? And the Troika-imposed fiscal...
by Dan Mitchell | Aug 16, 2016 | Big Government, Blogs, Economics, Government Spending
Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again? Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, we get politicians pursuing the...
by Dan Mitchell | Jul 12, 2016 | Big Government, Blogs, Economics, Government Spending, Taxation
The Congressional Budget Office has just released the 2016 version of its Long-Term Budget Outlook. It’s filled with all sorts of interesting data if you’re a budget wonk (and a bit of sloppy analysis if you’re an economist). If you’re a normal person and don’t want...
by Dan Mitchell | May 25, 2016 | Big Government, Blogs, Government Spending
I wrote last year about why Puerto Rico got into fiscal trouble. Like Greece and so many other governments, it did the opposite of Mitchell’s Golden Rule. Instead of a multi-year period of spending restraint, it allowed the budget to expand faster than the private...
