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Part II: Another European Fiscal Crisis?

Part II: Another European Fiscal Crisis?

by Dan Mitchell | Dec 7, 2023 | Big Government, Blogs, Europe, Government Spending

Back in April, I warned that European governments were spending too much, sewing the seeds of another fiscal crisis (aided and abetted by the European Commission). Let’s expand on that issue today, focusing specifically on the eurozone (the European nations that use...
Why Is There Divergence Between the United States and Europe?

Why Is There Divergence Between the United States and Europe?

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...
Great Moments in Foreign Government: Wasted French Wine

Great Moments in Foreign Government: Wasted French Wine

by Dan Mitchell | Aug 30, 2023 | Blogs, Europe

When I write about bad French policy, I’m usually referring to fiscal problems such as excessive spending and onerous taxation. Such as a retirement system with full benefits available at an absurdly low age (even after the recent reform). Or...
The Welfare State’s Damaging Impact on Europe, Part III

The Welfare State’s Damaging Impact on Europe, Part III

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...
A Make-or-Break Test for the World Trade Organization

A Make-or-Break Test for the World Trade Organization

by Dan Mitchell | Jun 2, 2023 | Blogs, Trade

Back in 2019, I released this video to explain how the World Trade Organization (WTO) has been a net plus, helping to lower trade taxes and other barriers to cross-border commerce. I’m normally not a fan of international bureaucracies. But, unlike entities...
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