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State Fiscal Rankings and Implications for Public Policy and the 2016 Presidential Race

State Fiscal Rankings and Implications for Public Policy and the 2016 Presidential Race

by Dan Mitchell | Jul 10, 2015 | Big Government, Blogs, Economics, Government Spending, States, Taxation

There’s an old saying that states are the laboratories of democracy. But since I’m a policy wonk, I focus more on the lessons we can learn from the states about public policy. Such as the importance of limiting the destructive nature of taxes. Such as the economic...
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...

Will Denmark Become a Shining Example of Mitchell’s Golden Rule?

by Dan Mitchell | Jun 21, 2015 | Big Government, Blogs, Economics, Government Spending

I suggested earlier this year that Denmark’s ratio of private sector workers compared with government dependents produced the world’s most depressing Powerpoint slide. It’s hard to be optimistic, after all, if a nation has an ever-growing number of people riding in...
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