by Dan Mitchell | May 14, 2011 | Big Government, Blogs, Economics, Government Spending
There’s a lot of buzz about a Wall Street Journal interview with Stanley Druckenmiller, in which he argues that a temporary delay in making payments on U.S. government debt (which technically would be a default) would be a small price to pay if it resulted in the...
by Dan Mitchell | May 13, 2011 | Big Government, Blogs, Government Spending
I got a few cranky emails after my post suggesting the United States should copy the Baltic nations and implement genuine spending cuts. These less-than-friendly pen pals were upset that I favorably commented on the fiscal discipline of Estonia, Lithuania, and Latvia...
by Dan Mitchell | May 10, 2011 | Big Government, Blogs, Economics, Government Spending
I spoke yesterday at a press event put together by some of the Tea Party groups. Here’s what I said about the debt limit. I debunked the notion that a higher debt limit was needed to avoid default and explained that the problem is too much spending and that deficits...
by Dan Mitchell | May 5, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
Martin Feldstein’s on a roll, but not in a good way. Earlier this week in the Wall Street Journal, he advocated throwing in the towel on reforming Social Security into a system of personal retirement accounts. Today, in the New York Times, he endorses big tax...
by Dan Mitchell | May 4, 2011 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
As I have explained elsewhere, tax increases are a bad idea – unless you favor bigger government. And I’ve already added my two cents to the tax debate between Senator Coburn and Grover Norquist regarding the desirability of higher taxes. So it won’t surprise anyone...
