by Dan Mitchell | Oct 7, 2024 | Big Government, Blogs, Europe
About two weeks ago, I shared a new study that warned about potential fiscal crises in developed nations. The study specifically warned about “sustainable debt limits” in the United States, Italy, France, the United Kingdom, and Canada. Using a...
by Dan Mitchell | Oct 6, 2024 | Blogs, Taxation
Part I of my three-part video series on the Laffer Curve is a good introduction to today’s column. It’s a common-sense primer on why there is not a linear relationship between tax rates and tax revenue. This is not a controversial view. Even Paul Krugman...
by Dan Mitchell | Sep 27, 2024 | Big Government, Blogs, Government Spending
While writing about Colombia’s fiscal problems 10 days ago, I issued my 20th Theorem of Government. Simply stated, governments get in trouble because politicians spend too much money. To be more specific, they don’t follow my Golden Rule. And that’s exactly...
by Dan Mitchell | Sep 25, 2024 | Big Government, Blogs, Government Spending
In 2018, I shared a study that gave people a way to predict when a country would suffer a fiscal crisis. I liked the findings because the authors concluded that spending restraint was the best way of staying out of trouble. Now there’s a new...
by Dan Mitchell | Sep 17, 2024 | Big Government, Blogs, Government Spending
Three days ago, I wrote about Brazil’s budgetary chaos and I issued a corollary to my Golden Rule. Whenever there is a fiscal mess, excess spending growth is the cause. Today, let’s apply that lesson to another South American country. There’s currently...
