by Dan Mitchell | Feb 25, 2022 | Big Government, Blogs, Europe, Government Spending, Taxation, Welfare and Entitlements
When I compare the United States and Europe, it’s usually because I want to make the point that people on the other side of the Atlantic have lower living standards in large part because there is a more onerous fiscal burden of government. Simply...
by Dan Mitchell | Feb 5, 2022 | Big Government, Blogs, Government Spending, Taxation
A key principle of economics is convergence, which is the notion that poorer nations generally grow faster than richer nations. For instance, battle-damaged European nations grew faster than the United States in the first few decades after World War II....
by Dan Mitchell | Jan 6, 2022 | Blogs, Economics, Free Market, Welfare and Entitlements
I created the Eighth Theorem of Government to illustrate the difference between well-meaning people (who want to help the poor) and zero-sum people (who seem to think some people are poor because other people are rich). This raises the...
by Dan Mitchell | Jan 5, 2022 | Blogs, Economics, Free Market
As I warned a few days ago, Biden’s so-called Build Back Better plan is not dead. There’s still a significant risk that this economy-sapping plan will get enacted, resulting in big tax increases and a larger burden of government spending....
by Dan Mitchell | Nov 17, 2021 | Big Government, Blogs, Government Spending
I’ve periodically warned the European nations such as France, Italy, Greece, and Spain almost surely are doomed to suffer a fiscal crisis. This is because governments in Europe didn’t respond to the 2010 crisis by actually...
