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 | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
by Dan Mitchell | Mar 8, 2021 | Big Government, Blogs, Economics
I periodically write about the importance of long-run growth and about the importance of convergence (whether poorer countries are catching up with richer countries, as suggested by theory). This is because such data, especially over decades,...
by Dan Mitchell | Oct 10, 2020 | Big Government, Blogs
In my lifetime, perhaps the greatest moment for human liberty took place 31 years ago when the corrupt socialist dictatorship of East Germany lost the will and ability to maintain the Berlin Wall. Almost overnight, there was hope for the long-suffering people of the...
by Dan Mitchell | Apr 4, 2020 | Blogs, Health Care
Near the beginning of the croronavirus crisis, I observed that “government-run health systems have not done a good job” of dealing with the pandemic. And I’ve repeatedly noted the failure of government bureaucracies to respond effectively in the United States. Is...
