by Dan Mitchell | Jun 1, 2023 | Big Government, Blogs, Economics, Government Spending
I have long argued that lower levels of government spending are good for prosperity. This is why I have praised presidents who actually cut spending (such as Harding and Coolidge) and also lauded presidents who restrained...
by Dan Mitchell | May 31, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
In a just-released interview with John Stossel, I discuss how the United States faces an entitlement crisis that will result in massive tax increases on poor and middle-class households. Or worse. As explained in the video, there are some unavoidable facts that need...
by Dan Mitchell | May 29, 2023 | Big Government, Blogs, Government Spending
Looking just at fiscal policy, who is the worst president in American history? Based on historical data from the Office of Management and Budget, I calculated a few years ago that Richard Nixon was the biggest spender, followed by Lydon...
by Dan Mitchell | May 26, 2023 | Big Government, Blogs, Government Spending
Last year, I shared some academic research showing that less military spending led to better economic performance. This should not come as a surprise. Every type of government spending necessarily causes harm by diverting resources from the...
by Dan Mitchell | May 22, 2023 | Big Government, Blogs, Government Spending
Regarding the debt ceiling, the hysterical headlines about default and an economic apocalypse are silly because the Treasury Department surely will “prioritize” if Republicans and Democrats don’t reach an agreement. The above clip was taken from an interview last week...
