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New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

by Dan Mitchell | Jul 9, 2015 | Big Government, Blogs, Economics, Europe, Government Spending

The European Commission’s data-gathering bureaucracy, Eurostat, has just published a new report on government finances for the region. And with Greece’s ongoing fiscal turmoil getting headlines, this Eurostat publication is worthwhile because it debunks the notion,...

Puerto Rico: Another Harsh Lesson about the Consequences of Violating Fiscal Policy’s Golden Rule

by Dan Mitchell | Jul 7, 2015 | Big Government, Blogs, Economics, Government Spending

When I make speeches about fiscal policy, I oftentimes share a table showing the many nations that have made big progress by enforcing spending restraint over multi-year periods. I then ask audiences a rhetorical question about a possible list of nations that have...
Establishment Media Channels Fox Butterfield on Keynesian Policy

Establishment Media Channels Fox Butterfield on Keynesian Policy

by Dan Mitchell | Jul 3, 2015 | Big Government, Blogs, Economics, Government Spending

Back in 2010, I described the “Butterfield Effect,” which is a term used to mock clueless journalists for being blind to the real story. A former reporter for the New York Times, Fox Butterfield, became a bit of a laughingstock in the 1990s for publishing a series of...
America’s Greek Fiscal Future

America’s Greek Fiscal Future

by Dan Mitchell | Jun 20, 2015 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements

Last September, I wrote about some very disturbing 10-year projections that showed a rising burden of government spending. Those numbers were rather depressing, but a recently released long-term forecast from the Congressional Budget Office make the 10-year numbers...

Atlas Is Shrugging in Greece and Venezuela: Two Case Studies of Statist Failure

by Dan Mitchell | May 27, 2015 | Blogs, Economics

Over the years, I’ve had many arguments about economic policy with my statist friends. I put them into three categories. The completely unreasonable statists blindly assert, notwithstanding all the evidence around the world, that bigger government and more...
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