by Dan Mitchell | Apr 21, 2023 | Big Government, Blogs, Economics, Government Spending
I rarely write about the national debt for the simple reason that it is far more important to focus on the burden of government spending. After all, improper spending saps economic vitality, regardless of whether it is financed...
by Dan Mitchell | Apr 19, 2023 | Big Government, Blogs, Government Spending, Taxation
I have been very pessimistic in recent years about the United Kingdom. Now, having just finished giving speeches in Bristol and London, I’m even more pessimistic. The core problem is that the burden of government spending has expanded dramatically in recent...
by Dan Mitchell | Apr 16, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
I have repeatedly pointed out that opponents of entitlement reform support big tax increases. And, as I explain in this segment from a recent presentation, they specifically support tax increases on lower-income and middle-class households. Why do I assert that they...
by Dan Mitchell | Apr 8, 2023 | Big Government, Blogs, Europe, Government Spending
My “Golden Rule” of fiscal policy, first unveiled in 2011, is based on two principles. To enable more prosperity, the primary goal of fiscal policy should be to reduce the burden of government spending.To achieve good fiscal policy, cap government...
by Dan Mitchell | Apr 4, 2023 | Big Government, Blogs, Europe
Why did many European nations, most notably Greece, suffer fiscal crises about a dozen years ago? Because the burden of government spending, which already was excessive, increased even further. And with taxes already very onerous in...
