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Comparing Living Standards: The United States vs European Countries and other Developed Nations

Comparing Living Standards: The United States vs European Countries and other Developed Nations

by Dan Mitchell | Jul 29, 2020 | Blogs, Economics

My view of the U.S. economic policy often depends on whether I’m writing about absolute levels of laissez-faire or relative levels of laissez-faire. If my column is about the former, I generally complain about excessive spending, punitive taxation, senseless red...
The Economic Consequences of Expanding Pay-as-You-Go Social Security Systems

The Economic Consequences of Expanding Pay-as-You-Go Social Security Systems

by Dan Mitchell | May 21, 2020 | Big Government, Blogs, Europe, Welfare and Entitlements

Despite the fact that Social Security is an ever-increasing fiscal burden with a 75-year cash-flow deficit of nearly $45 trillion, many politicians in Washington have been trying to buy votes with proposals to expand the program (Barack Obama, Hillary Clinton, Bernie...
Using Coronavirus as an Excuse for More E.U. Centralization and Redistribution

Using Coronavirus as an Excuse for More E.U. Centralization and Redistribution

by Dan Mitchell | May 20, 2020 | Bailouts, Blogs, Europe

I wrote earlier this month about coronavirus becoming an excuse for more bad public policy. American politicians certainly have been pushing all sorts of proposals for bigger government, showing that they have embraced the notion that you don’t want to let a “crisis...
Coronavirus and the Fiscal Future of the European Union

Coronavirus and the Fiscal Future of the European Union

by Dan Mitchell | Apr 13, 2020 | Blogs, Europe

Libertarians and other supporters of limited government historically have mixed feelings about the European Union (and its various governmental manifestations). On the plus side, there are no trade barriers between nations that belong to the EU, and membership also...
Eurobonds: A Further Threat to the Long-Run Viability of the European Union

Eurobonds: A Further Threat to the Long-Run Viability of the European Union

by Dan Mitchell | Mar 28, 2020 | Big Government, Blogs, Europe

Motivated in part by a sensible desire for free trade, six nations from Western Europe signed the Treaty of Rome in 1957, thus creating the European Economic Community (EEC). Sort of a European version of the North American Free Trade Agreement (now known as USMCA)....
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