by Dan Mitchell | Oct 26, 2018 | Big Government, Blogs, Economics
I’ve warned many times that Italy is the next Greece. Simply stated, there’s a perfect storm of bad news. Government is far too big, debt is too high, and the economy is too sclerotic. I’ve always assumed that the country would suffer a full-blown fiscal crisis when...
by Dan Mitchell | Oct 23, 2018 | Big Government, Blogs, Economics, Regulations
California is like France. Both are wonderful places to visit. They’re also great places to live if you’re part of the elite. But neither is the ideal option for ordinary people who want upward mobility. Back in 2016, I shared Census Bureau data showing that income...
by Dan Mitchell | Oct 17, 2018 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released a Monthly Budget Review showing a $782 billion deficit for the 2018 fiscal year. My recommendation is to mostly ignore data on red ink. Yes, it is possible that a country can get in trouble because of deficits and debt,...
by Dan Mitchell | Oct 11, 2018 | Blogs
I’m not a big fan of the International Monetary Fund and I regularly criticize the international bureaucracy for its relentless advocacy in favor of higher taxes. But that’s not what worries me most about the IMF. To be sure, higher fiscal burdens undermine economic...
by Dan Mitchell | Oct 10, 2018 | Blogs, States
I recently wrote about the Tax Foundation’s State Business Tax Climate Index, which is a snapshot of current competitiveness (New Jersey is in last place, which shouldn’t surprise anyone). But what if we want to know which states are moving in the right direction or...
