by Dan Mitchell | Nov 28, 2025 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
I often get asked when the United States will suffer a Greek-style fiscal crisis. My answer is always “I don’t know,” though I freely admit we are heading in that direction. My lack of specificity isn’t merely because economists are lousy...
by Dan Mitchell | Nov 21, 2025 | Blogs, Economics, Taxation
Honest leftists (the “Okunites“) generally acknowledge that laissez-faire policies deliver more growth, but they nonetheless favor high taxes and redistribution because they argue that social equality matters a lot. However, according to this chart, there’s...
by Dan Mitchell | Nov 20, 2025 | Blogs, Economics, Trade
Trump does not understand trade. But he is effective at imposing bad trade policy, as captured by this tweet. And why did Trump impose that bad trade policy? Because he mistakenly thinks trade deficits are bad. So have his big trade taxes lowered...
by Dan Mitchell | Nov 16, 2025 | Blogs, Economics, Trade
There are five contestants so far for the 2025 counter-tweet of the year. Slapping down a leftist who wanted people to think freebies are the route to political success. Slapping down a leftist who wanted people to think capitalism is correlated with poverty. Slapping...
by Dan Mitchell | Nov 14, 2025 | Big Government, Blogs, Economics, Government Spending
Having written back in August about China being the least-successful ethnically Chinese country, I was interested to see this recent tweet. Mr. Demos of Pnyx speculated that China would be as backward as India today if the communists has not prevailed...
