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...
by Dan Mitchell | May 20, 2023 | Big Government, Blogs, Government Spending
The Swiss Debt Brake and Colorado’s TABOR work because they limit spending. Balanced budget requirements, by contrast, have a weak track record. My point in the above discussion with the Soul of Enterprise is mostly based on economics. Our fiscal...
by Dan Mitchell | May 15, 2023 | Big Government, Blogs, Government Spending, Taxation
What do Joe Biden and Donald Trump have in common? Speaking earlier this year to the Mackinac Center in Michigan, I warned they both implicitly favor massive tax increases on ordinary households. If you don’t want to spend two minutes watching the...
