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Demographic Change and Fiscal Crisis

Demographic Change and Fiscal Crisis

by Dan Mitchell | Sep 19, 2024 | Big Government, Blogs, Welfare and Entitlements

I just finished a speech at a conference in Miami that looked at changing demographics and the implications for tax competition. To elaborate, I explained how an ever-growing burden of government spending will lead to more...
Pakistan’s Tax-and-Spend Follies

Pakistan’s Tax-and-Spend Follies

by Dan Mitchell | Jul 9, 2024 | Big Government, Blogs, Taxation

Citing a report in the New York Times, I wrote two days ago about how excessive government spending is the real reason for economic and political turmoil in Sri Lanka and Bolivia. Kenya and Pakistan also were featured in the story, but I didn’t focus on...
Excessive Growth of Government Spending = Recipe for Economic Chaos

Excessive Growth of Government Spending = Recipe for Economic Chaos

by Dan Mitchell | Jul 7, 2024 | Big Government, Blogs, Economics, Government Spending

I’ve written previously about Pakistan getting into trouble because government spending grew too fast over a multi-year period. And I also wrote about Kenya suffering economic problems for the same reason. Today, let’s look at the fiscal...
The Looming Fiscal Crisis

The Looming Fiscal Crisis

by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending

More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...
Italy’s Absurd Boondoggle Giveaway

Italy’s Absurd Boondoggle Giveaway

by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending

I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
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