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Bulgaria and the 20th Theorem of Government

Bulgaria and the 20th Theorem of Government

by Dan Mitchell | Sep 24, 2025 | Big Government, Blogs, Government Spending, Taxation

My 20th Theorem of Government is based on the very simple – but empirically rigorous – premise that the key fiscal variable is spending growth. If government is restrained, there are inevitably good outcomes. If government grows rapidly,...
The 2025 Version of Which Country Will Be the First Debt Domino?

The 2025 Version of Which Country Will Be the First Debt Domino?

by Dan Mitchell | Sep 18, 2025 | Big Government, Blogs, Europe

Back in 2011, I speculated about which nation would be the next debt domino. I even wondered if it might be the United States. Now I look at the chart I shared and think those were “the good ol’ days.” Why? Because all of those nations today (other than Ireland)...
Spain’s Risky Fiscal Status

Spain’s Risky Fiscal Status

by Dan Mitchell | Sep 16, 2025 | Big Government, Blogs, Government Spending

When contemplating which nation will be the next to suffer a fiscal crisis, Italy has traditionally been on everyone’s watch list. Including mine. But now there’s a lot of attention on France, and with good reason. And I think many people...
Can Milei-ism Save the United Kingdom?

Can Milei-ism Save the United Kingdom?

by Dan Mitchell | Sep 13, 2025 | Big Government, Blogs, Government Spending

In an interview with Patrick Young, I pontificated on a wide range of issues. Here’s a clip of me making the case that Javier Milei might save the world from a seemingly inevitable fiscal crisis. If you don’t want to spend three minutes...
A Debt Crisis for France?

A Debt Crisis for France?

by Dan Mitchell | Sep 2, 2025 | Big Government, Blogs, Economics, Government Spending

I’ve been explaining for years that economists are lousy forecasters. But we are capable of noticing trends, including trends that will lead of bad outcomes if not reversed. For instance, my recent series on “France and Fiscal Suicide” points...
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