by Dan Mitchell | Mar 19, 2024 | Big Government, Blogs, Government Spending
I’ve often explained that the most important variable in fiscal policy is the the growth of government, More specifically, good fiscal policy occurs when the burden of government spending over time grows slower than the private sector. As you can see from this chart...
by Dan Mitchell | Mar 16, 2024 | Big Government, Blogs, Government Spending
Last year, the Committee for a Responsible Federal Budget (CRFB) released an online budget game called “Fix the National Debt.” I would have preferred a game called “Reduce the Size of the Federal Government,” since that would have put the focus on the real...
by Dan Mitchell | Mar 12, 2024 | Big Government, Blogs, Government Spending, Taxation
I wrote yesterday to announce my new book on America’s fiscal crisis. Today, let’s look at how Joe Biden’s new budget will make that bad problem even worse. I’m going to start with two charts. The first one shows that government spending in recent years has...
by Dan Mitchell | Mar 11, 2024 | Big Government, Blogs, Economics, Government Spending
I’ve been complaining for decades about excessive and wasteful government spending. I’ve also been grousing for just as long about counterproductive, class-warfare tax policy. Thanks to profligacy in Washington, we’re stumbling...
by Dan Mitchell | Mar 5, 2024 | Blogs, Economics, Supply Side, Taxation
When trying to educate someone about the importance of low marginal tax rates, what’s the most-convincing visual? A supply-and-demand graph? A philoso-raptor meme? A cartoon with two doors? A Dan Mitchell hypothetical? I’m partial to...
