by Dan Mitchell | Oct 17, 2018 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released a Monthly Budget Review showing a $782 billion deficit for the 2018 fiscal year. My recommendation is to mostly ignore data on red ink. Yes, it is possible that a country can get in trouble because of deficits and debt,...
by Dan Mitchell | Oct 9, 2018 | Big Government, Blogs, Government Spending
I’ve been in Lebanon for the past few days, but not because I’m seeking a replacement for the Princess of the Levant. Instead, I’m here because the Lebanese Institute for Market Studies arranged a briefing in the Parliament on the perilous state of the nation’s...
by Dan Mitchell | Sep 7, 2018 | Big Government, Blogs, Government Spending
Way back in early 2011, I wrote about the likelihood of various nations suffering a Greek-style meltdown. After speculating on the importance of debt burdens and interest payments, I concluded that …which nation will be the next domino to fall? …Some people think...
by Dan Mitchell | Jun 6, 2018 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Writing a column every day can sometimes be a challenge, in part because of logistics (I have to travel a lot, which can make things complicated), but also because I want to make sure I’m sharing interesting and relevant information. My task, however, is very easy on...
by Dan Mitchell | May 20, 2018 | Big Government, Blogs, Economics
As a general rule, we worry too much about deficits and debt. Yes, red ink matters, but we should pay more attention to variables such as the overall burden of government spending and the structure of the tax system. That being said, Greece shows that a nation can...
