by Dan Mitchell | Nov 10, 2023 | Big Government, Blogs, Europe
In economics, convergence theory is the common-sense observation that poor countries – in general – should grow faster than rich countries. But a general principle sometimes has exceptions, and that’s why I put together my anti-convergence club. If you...
by Dan Mitchell | Aug 15, 2023 | Big Government, Blogs, Government Spending
I have repeatedly explained that spending restraint is good fiscal policy. And I have specifically explained that you achieve this goal by limiting spending so that it grows slower than the productive sector of the economy. A fringe...
by Dan Mitchell | Jul 20, 2023 | Big Government, Blogs, Economics, Europe, Welfare and Entitlements
Part I of this series reviewed some data about the United States growing much faster than the welfare states of the European Union. Part II of the series looked at some very depressing data about the European Union losing ground compared to the United States, even...
by Dan Mitchell | Jul 19, 2023 | Big Government, Blogs, Europe, Welfare and Entitlements
In Part I of this series, we learned from a report in the Wall Street Journal that the combined economies of the European Union have grown by only 6 percent over the past 15 years compared to 82 percent growth in the United States. That is stunning evidence...
by Dan Mitchell | Jul 18, 2023 | Big Government, Blogs, Welfare and Entitlements
At the risk of being repetitive, I’ve been arguing (and arguing, and arguing) that the United States should not turn its medium-sized welfare state into a European-style, large-sized welfare state. Simply stated, that’s a route...
