by Dan Mitchell | Aug 14, 2018 | Blogs, Economics
A few days ago, I shared some academic research investigating whether economic crises lead to more liberalization (Naomi Klein’s hypothesis) or more statism (Robert Higgs’ hypothesis). Given the dismal long-run outlook for the United States and most other developed...
by Sven R. Larson | Aug 14, 2018 | CF&P Foundation Prosperitas Studies, Publications
[PDF Version] August 2018, Vol. XII, Issue III Fiscal Crisis in America, Part 2: Greece – A Harbinger for the United States? By Sven R. Larson* A fiscal crisis in the United States is no longer unthinkable. It is difficult to assess the probability and the exact...
by Dan Mitchell | Aug 10, 2018 | Blogs, Economics
When I give speeches about modern welfare states, I’ll often cite grim data from the IMF, BIS, and OECD about the very depressing fiscal consequences of ever-expanding government. And if I really want to worry an audience, I’ll augment those numbers by talking about...
by Dan Mitchell | Jul 28, 2018 | Big Government, Blogs, Government Spending, Taxation
Shortly after the fiscal crisis began in Greece, I explained that the country got in trouble because of too much government spending. More specifically, I pointed out that the country was violating my Golden Rule, which meant that the burden of spending was rising...
by Dan Mitchell | Jul 15, 2018 | Big Government, Blogs, Welfare and Entitlements
If you did man-on-the-street interviews across America and asked people about Social Security, I suspect most of them would have some degree of understanding about the program’s looming fiscal crisis. Since they’re not policy wonks, they presumably wouldn’t know the...
