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More Anti-Factual Analysis from Paul Krugman

by Dan Mitchell | Apr 18, 2015 | Big Government, Blogs, Economics, Government Spending

I don’t know whether to be impressed or horrified by Paul Krugman. I’m impressed that he’s always “on message.” No matter what’s happening in America or around the world, he always has some sort of story about why events show the need for bigger government. But I’m...
Social Security, Vote Buying, and the Road to Greece

Social Security, Vote Buying, and the Road to Greece

by Dan Mitchell | Apr 16, 2015 | Big Government, Blogs, Government Spending, Welfare and Entitlements

What’s America’s main fiscal policy challenge, particularly in the long run? Most sensible people will agree that our greatest threat is the rising burden of entitlement spending. More specifically, demographic changes and ill-designed programs will combine to...

Very Powerful Real-World Evidence for Spending Caps

by Dan Mitchell | Apr 4, 2015 | Big Government, Blogs, Economics, Government Spending

A few days ago, I cited some research by an economics professor at the University of Georgia (Go Dawgs!), who calculated that we would have a big budget surplus today if Washington lawmakers had simply maintained Bill Clinton’s final budget, adjusting it only for...

Bill Clinton and the Retroactive Application of Mitchell’s Golden Rule

by Dan Mitchell | Apr 1, 2015 | Big Government, Blogs, Economics, Government Spending

It’s amazingly simple to reduce the burden of government spending. Policy makers simply need to impose some modest spending restraint so that government doesn’t grow faster than the economy’s productive sector. In a display of humility that can only be found in...
Restoring the Old-Fashioned Budget Virtue of…FDR and Truman?!?

Restoring the Old-Fashioned Budget Virtue of…FDR and Truman?!?

by Dan Mitchell | Mar 28, 2015 | Big Government, Blogs, Government Spending

This is a column I never expected to write. That’s because I’m going to applaud Presidents Franklin Roosevelt and Harry Truman. This won’t be unconstrained applause, to be sure. Roosevelt, after all, pursued awful policies that lengthened and deepened the economic...
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