by Dan Mitchell | Dec 2, 2018 | Blogs, Taxation
With the exception of 2010-2014, when the Tea Party briefly had a grip on the Republican Party, the burden of government spending has been increasing in the United States. This unfortunate trend can’t continue indefinitely, so sooner or later we’ll reach a point where...
by Dan Mitchell | Oct 26, 2018 | Big Government, Blogs, Economics
I’ve warned many times that Italy is the next Greece. Simply stated, there’s a perfect storm of bad news. Government is far too big, debt is too high, and the economy is too sclerotic. I’ve always assumed that the country would suffer a full-blown fiscal crisis when...
by Dan Mitchell | Oct 11, 2018 | Blogs
I’m not a big fan of the International Monetary Fund and I regularly criticize the international bureaucracy for its relentless advocacy in favor of higher taxes. But that’s not what worries me most about the IMF. To be sure, higher fiscal burdens undermine economic...
by Dan Mitchell | Oct 9, 2018 | Big Government, Blogs, Government Spending
I’ve been in Lebanon for the past few days, but not because I’m seeking a replacement for the Princess of the Levant. Instead, I’m here because the Lebanese Institute for Market Studies arranged a briefing in the Parliament on the perilous state of the nation’s...
by Dan Mitchell | Sep 7, 2018 | Big Government, Blogs, Government Spending
Way back in early 2011, I wrote about the likelihood of various nations suffering a Greek-style meltdown. After speculating on the importance of debt burdens and interest payments, I concluded that …which nation will be the next domino to fall? …Some people think...
