by Dan Mitchell | Feb 26, 2023 | Big Government, Blogs, Government Spending
In this segment from a December interview, I explain that budget deficits are most likely to produce inflation in countries with untrustworthy governments.* The simple message is that budget deficits are not necessarily inflationary. It depends how budget deficits are...
by Dan Mitchell | Feb 25, 2023 | Big Government, Blogs, Europe, Government Spending, Taxation
What’s the main fiscal and/or economic problem in the European Union? Is it that the burden of taxes and spending is very onerous today?Or is it that the burden of taxes and spending will become more onerous in the future? The easy and correct...
by Dan Mitchell | Feb 16, 2023 | Big Government, Blogs, Government Spending
Every six months or so, the Congressional Budget Office produces a 10-year forecast and most fiscal experts focus on the projections for deficit and debt. Those are important (and worrisome) numbers, but I first look at the data...
by Dan Mitchell | Feb 9, 2023 | Big Government, Blogs, Welfare and Entitlements
I wrote a two-part series (here and here) about Donald Trump supporting massive middle-class tax increases. Trump does not admit that is his policy, of course, but that is an unavoidable outcome since he opposes entitlement reform. In the interest of fairness and...
by Dan Mitchell | Jan 31, 2023 | Blogs, States, Tax Competition, Taxation
There are some very important long-run demographic and cultural trends in the United States. The aging of the population – and the concomitant problem of poorly designed entitlement programs – probably belongs at the top of the list. But another...
