by Dan Mitchell | Mar 1, 2019 | Big Government, Blogs, Economics, Government Spending
Back in January, I wrote about the $42 trillion price tag of Alexandria Ocasio-Cortez’s Green New Deal. To pay for this massive expansion in the burden of government spending, some advocates have embraced “Modern Monetary Theory,” which basically assumes the Federal...
by Dan Mitchell | Feb 25, 2019 | Big Government, Blogs, Economics, Government Spending
When I’m asked for a basic tutorial on fiscal policy, I normally share my four videos on the economics of government spending and my primer on fundamental tax reform. But this six-minute interview may be a quicker introduction to spending issues since I had the...
by Dan Mitchell | Jan 31, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released it’s annual Budget and Economic Outlook, and that means I’m going to do something that I first did in 2010 and most recently did last year. I’m going to show that it’s actually rather simple to balance the budget...
by Dan Mitchell | Dec 5, 2018 | Big Government, Blogs, Government Spending
I don’t like writing about deficits and debt because I don’t want to deflect attention from the more important underlying problem of excessive government spending. Indeed, I constantly explain that spending is what diverts resources from the productive sector of the...
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...
