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Should the United States “Shrink the Gap” with Europe by Increasing Childcare Subsidies?

Should the United States “Shrink the Gap” with Europe by Increasing Childcare Subsidies?

by Dan Mitchell | Oct 20, 2021 | Blogs, Europe

Let’s look today at one of main arguments for Biden’s tax-and-spend agenda. A column in the New York Times, authored by Spencer Bokat-Lindell, suggests that the United States needs to increase government spending on child care to “shrink the gap”...
Demographic Decline = Fiscal Crisis

Demographic Decline = Fiscal Crisis

by Dan Mitchell | May 25, 2021 | Big Government, Blogs, Welfare and Entitlements

As a libertarian, I don’t care if couples have zero children or 10 children. But as an economist, I’m horrified that big changes in demographics are going to lead to fiscal crises thanks to poorly designed entitlement programs....
Demographic Decline = Fiscal Crisis

The Looming Crisis of Demographic Decline and Entitlement Expansion

by Dan Mitchell | Feb 22, 2021 | Big Government, Blogs, Welfare and Entitlements

There are many compelling economic arguments against entitlement programs. They discourage savings.They discourage work.They are funded with taxes.They are funded with debt. Since I’m a libertarian, I also have moral concerns about...
The Destabilizing Mix of Demography and Entitlements, Part II

The Destabilizing Mix of Demography and Entitlements, Part II

by Dan Mitchell | Jan 22, 2021 | Big Government, Blogs, Welfare and Entitlements

A few days ago, I shared some slides from a presentation to an e-symposium organized by Trends Research in Abu Dhabi. Here’s a video of my presentation, which includes 16 visuals to drive home the point that the world is facing...
Demographic Decline = Fiscal Crisis

The Destabilizing Mix of Demography and Entitlements, Part I

by Dan Mitchell | Jan 19, 2021 | Big Government, Blogs, Welfare and Entitlements

I’ve written many times about demographic change and the implications for public policy – both in the United States and around the world. Simply stated, it will be increasingly difficult to maintain tax-and-transfer...
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