by Dan Mitchell | Feb 15, 2026 | Blogs, Government Spending, Welfare and Entitlements
Let’s start today’s column with two simple and uncontroversial statements. Without real entitlement reform, the burden of government spending will grow dramatically over the next few decades. There are only three ways – taxes, borrowing, and money-printing – to...
by Dan Mitchell | Jan 16, 2026 | Blogs, Welfare and Entitlements
While I periodically disagree with some of the magazine’s analysis (see here, here, and here), I enjoy perusing the Economist because it covers issues I care about. A recent headline in the U.K.-based publication caught my attention. The...
by Dan Mitchell | Dec 16, 2025 | Blogs, Economics, Welfare and Entitlements
In Part I of this series, I explained that modern welfare states are in deep trouble because of falling birth rates. The core of the problem is that entitlement programs generally tax young people to subsidize old people. And fewer babies today means fewer workers...
by Dan Mitchell | Nov 28, 2025 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
I often get asked when the United States will suffer a Greek-style fiscal crisis. My answer is always “I don’t know,” though I freely admit we are heading in that direction. My lack of specificity isn’t merely because economists are lousy...
by Dan Mitchell | Nov 2, 2025 | Big Government, Blogs, Economics, Government Spending, Taxation
About two months ago, I wrote that the United Kingdom needed to copy Javier Milei and dramatically reduce the burden of government spending. The immediate goal should be to reverse the post-pandemic spending surge of the Johnson and...
