by Dan Mitchell | May 27, 2020 | Big Government, Blogs, Government Spending
Margaret Thatcher was the British version of Ronald Reagan, a leader who resuscitated a nation by rolling back the size and scope of government. She also is famous for one of the most accurate observations ever made about fiscal policy. Her warning proved prophetic...
by Dan Mitchell | May 16, 2020 | Big Government, Blogs, Government Spending
The good news is that there will be a record reduction next year in the burden of government spending. Unfortunately, the bad news is that this reduction will only occur because of gigantic spending increases this year. In this webinar, I explain how fiscal policy is...
by Dan Mitchell | May 12, 2020 | Blogs, Economics, Taxation
I’ve explained the economics of taxation, which is based on the common-sense notion that you get less productive economic activity when taxes drive a bigger wedge between pre-tax income and post-tax consumption. Simply stated, the more you tax of something, the less...
by Dan Mitchell | May 9, 2020 | Big Government, Blogs, Government Spending
I’ve warned that the budgetary impact of the coronavirus may trigger another fiscal crisis in Europe. Especially Italy. But what about the United States? Will we reach a point, as Margaret Thatcher famously warned, of running out of other people’s money? We probably...
by Dan Mitchell | Mar 26, 2020 | Bailouts, Big Government, Blogs, Europe
I’m not an optimist about Europe’s economic future. Most nations have excessive welfare states and punitive taxes, which is hardly good news. You then have to consider demographic trends such as aging populations (i.e., more people relying on government) and falling...
