by Dan Mitchell | Mar 28, 2024 | Blogs, Economics, Taxation
The good news is that there is very little risk that President’s new budget – which is very similar to his previous budgets – will be approved by Congress. The bad news is that his budget is filled with terrible policy. Big expansions in the...
by Dan Mitchell | Mar 27, 2024 | Big Government, Blogs, Economics, Government Spending
Last year, I filled out a do-it-yourself federal budget prepared by the Washington Post and another one put together by the Committee for a Responsible Federal Budget. In both cases, my main complaint was that they did not give enough...
by Dan Mitchell | Mar 24, 2024 | Blogs, Economics
Time for Part III in my series on the economics of creative destruction (here’s Part I and Part II). We’ll start with this clip from a recent trans-Atlantic interview. As you can see from the discussion, I openly acknowledge that the progress enabled by...
by Dan Mitchell | Mar 20, 2024 | Big Government, Blogs, Economics, Government Spending
My book on fiscal policy, co-authored with Les Rubin, is now officially published. I wrote a sneak-peak column about The Greatest Ponzi Scheme on Earth last week. There are three main takeaways from our book. The problem is spending The problem is...
by Dan Mitchell | Mar 12, 2024 | Big Government, Blogs, Government Spending, Taxation
I wrote yesterday to announce my new book on America’s fiscal crisis. Today, let’s look at how Joe Biden’s new budget will make that bad problem even worse. I’m going to start with two charts. The first one shows that government spending in recent years has...
