by Dan Mitchell | Nov 1, 2025 | Big Government, Blogs, Europe, Government Spending
Let’s look today at European fiscal policy. But instead of focusing on the immediate issue (the likelihood of another fiscal crisis), we’re going to investigate whether we can learn anything by looking at what’s happened in the past. My two cents, based...
by Dan Mitchell | Oct 17, 2025 | Big Government, Blogs, Government Spending
Because economists are lousy forecasters, I don’t pretend to know when a fiscal crisis will occur or which nation will be the first debt domino. But it will happen. Indeed, I suspect it will happen the next time there’s an economic downturn (though I...
by Dan Mitchell | Oct 15, 2025 | Blogs, Economics
Back in 2011, I shared two cartoons to illustrate why the welfare state might theoretically collapse. Today, I’m going to examine what I fear will be a real-world example. I’ve written a four-part series about France’s dire fiscal status...
by Dan Mitchell | Oct 7, 2025 | Big Government, Blogs, Economics, Government Spending
I have a three-part series (here, here, and here) about a likely fiscal crisis hitting Europe. As a matter of fact, I don’t actually think it is “likely.” It’s a given at this point. The only mystery is which domino falls first. My pessimism is based on...
by Dan Mitchell | Sep 27, 2025 | Big Government, Blogs, Government Spending
I’ve repeatedly written about the likelihood of another European fiscal crisis (see here, here, here, and here), and I’ve specifically speculated that Italy will be the first domino (see here, here, here, here, here,...
