by Dan Mitchell | May 26, 2022 | Big Government, Blogs, Government Spending
America’s fiscal future is very grim, largely because of an ever-expanding burden of entitlement spending. To see the magnitude of the problem, let’s peruse the Budget and Economic Outlook, which was released yesterday by the Congressional...
by Dan Mitchell | May 24, 2022 | Big Government, Blogs, Europe, Monetary Policy, Welfare and Entitlements
Earlier this year, I pointed out that President Biden should not be blamed for rising prices. There has been inflation, of course, but the Federal Reserve deserves the blame. More specifically, America’s central bank responded to the coronavirus...
by Dan Mitchell | May 19, 2022 | Big Government, Blogs, Government Spending
More than 10 years ago, I narrated this video showing how the United States benefited from spending restraint under both Ronald Reagan and Bill Clinton. Since today’s topic is Clinton’s policies, pay attention starting about 4:00. If you don’t have time to watch the...
by Dan Mitchell | May 13, 2022 | Big Government, Blogs, Taxation, VAT
As part of my (reality-based) opposition to a value-added tax, I testified to the Ways & Means Committee back in 2011. My primary argument against the VAT is that it would enable a bigger burden of government spending. I frequently share this chart, for...
by Dan Mitchell | Apr 28, 2022 | Big Government, Blogs, Government Spending
Since I’m a big fan of spending caps, I’m very happy to be in Zurich as part of the Free Market Road Show. Switzerland’s spending cap (called “the debt brake“) is probably the best system in the world. It does have an escape clause for emergencies,...
