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ECB Research: Pro-Market Reforms Generate Very Positive Results, but not Overnight Miracles

by Dan Mitchell | Feb 22, 2018 | Blogs, Economics, Free Market

I wrote three days ago about the worst-international-bureaucracy contest between the International Monetary Fund and the Organization for Economic Cooperation and Development. A reader emailed to ask me whether I had a favorite international bureaucracy. I confess...
The Negative Macroeconomic Impact of Overpaid Bureaucrats

The Negative Macroeconomic Impact of Overpaid Bureaucrats

by Dan Mitchell | Jan 6, 2017 | Big Government, Blogs, Bureaucracy, Economics, Government Spending

Last year, I shared some remarkable research from the Organization for Economic Cooperation and Development about the negative relationship between government spending and economic performance. The economists at the Paris-based bureaucracy looked at data from its...
Scholarly Evidence against the Welfare State

Scholarly Evidence against the Welfare State

by Dan Mitchell | Sep 26, 2015 | Big Government, Blogs, Economics, Welfare and Entitlements

I repeatedly try to convince people that the welfare state is bad for both taxpayers and poor people. Sometimes I’ll add some more detailed economic analysis and explain that redistribution programs undermine growth by reducing labor supply (with Obamacare being the...

Easy Money Is Creating the Conditions for a Bigger European Economic Crisis

by Dan Mitchell | Nov 1, 2013 | Big Government, Blogs, Economics

At the beginning of the year, I was asked whether Europe’s fiscal crisis was over. Showing deep thought and characteristic maturity, my response was “HAHAHAHAHAHAHAHAHA, are you ;@($&^#’% kidding me?” But I then shared specific reasons for pessimism, including the...

European Central Bank Research Shows that Government Spending Undermines Economic Performance

by Dan Mitchell | Dec 11, 2011 | Big Government, Blogs, Economics, Europe, Government Spending

Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop...
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