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Seven Adverse Consequences of Big Government

Seven Adverse Consequences of Big Government

by Dan Mitchell | Mar 12, 2018 | Big Government, Blogs, Economics, Government Spending

I’ve narrated a video on why big government is theoretically bad for an economy, another video looking at the empirical evidence on government spending and economic performance, and also a video on the growth-maximizing size of the public sector. But if you want to...

New IMF Study Shows U.S. Would Benefit from Lower Tax Rates and Less Government Spending

by Dan Mitchell | Mar 10, 2018 | Blogs, Economics

I’m not a fan of international bureaucracies, but they’re not universally bad. Yes, we almost always get a bad policy agenda from the left-leaning political appointees who run these organizations. But it’s also true that the professional economists at these...
Trump’s Spending Splurge Is a Long-Run Recipe for Higher Taxes and Less Prosperity

Trump’s Spending Splurge Is a Long-Run Recipe for Higher Taxes and Less Prosperity

by Dan Mitchell | Feb 28, 2018 | Big Government, Blogs, Economics, Government Spending, Taxation

I sometimes sardonically comment about Democratic politicians playing Santa Claus, but Republicans can play that game as well. Trump and his allies in Congress recently agreed on a big-spending budget deal that lavishes more money on both the Pentagon and domestic...
If Scandinavian Nations Are Socialist, so Is the United States

If Scandinavian Nations Are Socialist, so Is the United States

by Dan Mitchell | Feb 25, 2018 | Blogs, Economics

In yesterday’s column, I shared a humorous video mocking the everywhere-its-ever-been-tried global failure of socialism. And I tried to preempt the typical response of my left-wing friends by pointing out that Scandinavian nations are not role models for statism. In...
When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse

When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse

by Dan Mitchell | Feb 23, 2018 | Big Government, Blogs, Economics, Government Spending, Taxation

At some point in the next 10 years, there will be a huge fight in the United States over fiscal policy. This battle is inevitable because politicians are violating the Golden Rule of fiscal policy by allowing government spending to grow faster than the private sector...
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