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Demography + Entitlements = Fiscal Crisis

Demography + Entitlements = Fiscal Crisis

by Dan Mitchell | Nov 2, 2021 | Big Government, Blogs, Welfare and Entitlements

It’s impossible to predict when another pandemic will strike. But there’s one future crisis that we already know about, and I recently spoke about that issue to the Liberty International World Conference in Medellin. At first, I wasn’t planning to share this...
The Real (and Growing) Problem with Social Security

The Real (and Growing) Problem with Social Security

by Dan Mitchell | Sep 1, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements

In an ideal world, Americans would have personal retirement accounts, just like workers in Australia, Sweden, Chile, Hong Kong, Israel, Switzerland, and a few dozen other nations. But we’re not in that ideal world. We are forced...
Big Government and “Financial Repression”

Big Government and “Financial Repression”

by Dan Mitchell | Aug 15, 2021 | Big Government, Blogs, Welfare and Entitlements

I just got back from Medellin, Colombia, where I gave a presentation to the Liberty International World Conference. My topic was “The Fatal Mix of Demographic Change and the Welfare State” and I made my usual points about how poorly designed entitlement...
The Real (and Growing) Problem with Social Security

Social Security’s Inevitable Decline

by Dan Mitchell | Aug 10, 2021 | Big Government, Blogs, Welfare and Entitlements

It’s understandable that we’re now paying a lot of attention to Joe Biden’s risky proposals for higher taxes and a bigger welfare state. After all, it’s a very bad idea to copy the economic policies of nations such as Italy, France,...
Biden’s Misguided Plan for a Bigger Welfare State

Biden’s Misguided Plan for a Bigger Welfare State

by Dan Mitchell | Jul 11, 2021 | Big Government, Blogs, Government Spending

President Biden pushed through $1.9 trillion of new spending earlier this year, but that so-called stimulus plan was mostly for one-time giveaways. As I warn in this recent discussion on Denver’s KHOW, we should be much more worried about his proposals to permanently...
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