by Dan Mitchell | May 17, 2025 | Big Government, Blogs, Economics, Government Spending
Whenever anyone starts griping about government debt, I tell them they’re right. But I also tell that debt is just a symptom and that the real problem is an ever-growing burden of government spending. Moreover, I warn them that fixating on red ink...
by Dan Mitchell | May 15, 2025 | Big Government, Blogs, Government Spending
I’m in London today as part of the Free Market Road Show, so let’s focus this column on the grim state of fiscal policy in the United Kingdom. The supposed Conservative Party fell off the wagon of fiscal sobriety starting in 2019 and the Labour...
by Dan Mitchell | May 12, 2025 | Big Government, Blogs, Government Spending, Taxation
I’ve written several times about the “Austrian School” of economics, but I’ve never written about the economics of Austria. Since I just spoke in Vienna on the topic of that nation’s fiscal policy, this is a good opportunity to make up for the lack of...
by Dan Mitchell | May 3, 2025 | Big Government, Blogs, Government Spending
I’ve been critical of Trump’s record on government spending, particularly with regards to entitlements. But perhaps he’ll be better in his second term and there is a positive sign in his just-released budget for discretionary...
by Dan Mitchell | Apr 29, 2025 | Blogs, Taxation
Basic economy theory, depicted by supply-and-demand curves, tells us that taxes will cause “deadweight loss.” This is the economic activity that no longer occurs because taxes creates a wedge between buyers and sellers. And this analysis applies whether...
