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Milton Friedman on Spending

Milton Friedman on Spending

by Dan Mitchell | Oct 3, 2020 | Big Government, Blogs, Government Spending

I identified four heroes from the “Battle of Ideas” video I shared in late August – Friedrich Hayek, Milton Friedman, Ronald Reagan, and Margaret Thatcher. Here’s one of those heroes, Milton Friedman, explaining what’s needed to control big government. For all intents...
The Best and Worst Fiscal Policies of Trump’s Presidency

The Best and Worst Fiscal Policies of Trump’s Presidency

by Dan Mitchell | Sep 10, 2020 | Big Government, Blogs, Economics, Government Spending

With the election less than two months away, there’s a lot of discussion and debate about Trump’s performance. I put together a report card last year showing that his economic policies have been a mixed bag, with good grades on tax and regulation, but bad grades...
New York City’s Spending Problem

New York City’s Spending Problem

by Dan Mitchell | Sep 8, 2020 | Big Government, Blogs, Government Spending, Taxation

New York is in trouble from bad economic policy, especially excessive taxing and spending. This is one of the reasons why there’s been a steady exodus of taxpayers from the Empire State. The problem is especially acute for New York City, which has been suffering from...
Even after the Coronavirus Spending Spree, It’s Simple to Balance the Budget Without Tax Increases

Even after the Coronavirus Spending Spree, It’s Simple to Balance the Budget Without Tax Increases

by Dan Mitchell | Sep 4, 2020 | Blogs, Taxation

There are two reasons why I generally don’t write much about government debt. First, red ink is not desirable, but it’s mostly just the symptom of the far more important problem of excessive government spending. Second, our friends on the left periodically try to push...
Is America Approaching the Tipping Point of Too Much Debt?

Is America Approaching the Tipping Point of Too Much Debt?

by Dan Mitchell | Sep 3, 2020 | Uncategorized

Yesterday, the Congressional Budget Office released updated budget projections. The most important numbers in that report show what’s happening with the overall fiscal burden of government – measured by both taxes and spending. As you can see, there’s a big one-time...
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