by Dan Mitchell | May 22, 2011 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
Last night, I spoke at the closing dinner of the European Resource Bank. My message was simple and straightforward: Entitlement programs are killing the developed world. That’s not exactly a surprise, but what may be shocking is America’s relative position. In my...
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 7, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation, VAT
I recently took part in a symposium on “The Budget Deficit and U.S. Competitiveness.” Put together by the Council on Foreign Relations, five of us were asked to concisely explain our thoughts on the issue. Here’s some of what I wrote: Excessive government spending can...
by Dan Mitchell | May 6, 2011 | Big Government, Blogs, Economics, Government Spending
The Labor Department released its latest job numbers today and they remind me of Clint Eastwood’s 1966 classic, “The Good, the Bad, and the Ugly.” The good news is that the economy created 244,000 new jobs, the biggest gain in almost one year. And the jobs were in the...
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...
