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...

The Overwhelming Case for Chile’s Private Social Security System

by Dan Mitchell | Feb 2, 2018 | Blogs

The United States and other western nations became rich during the 1800s thanks to a combination of rule of law and very small government. Sadly, very few nations – most notably East Asian tiger economies – have become rich in the modern era. Yes, some other countries...

The Policy Solution to the World’s Demographic Problem

by Dan Mitchell | Dec 8, 2017 | Big Government, Blogs, Welfare and Entitlements

I wrote yesterday about “the world’s demographic problem,” citing a new study about the fiscal implications of aging populations. The report was produced by the Organization for Economic Cooperation and Development, which is not my favorite international...

The World’s Demographic Problem

by Dan Mitchell | Dec 7, 2017 | Big Government, Blogs, Welfare and Entitlements

I gave a speech last night at the University of Texas Arlington on the topic of “Is America turning into Greece? How the growth of government and debt risk creating a dismal future for young Americans.” Not a very succinct title, I realize, but I wanted to warn...

Are Tax Cuts Dangerous?

by Dan Mitchell | Oct 28, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements

I’ve responded to all sorts of arguments against lower taxes. Tax cuts are “unfair” because rich people will benefit. Tax cuts are wrong because revenue should be going up, not down. Tax cuts are pointless because the economy won’t grow faster. Tax cuts are misguided...