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Excessive Government Spending in Europe: Sowing the Seeds for another Fiscal Crisis

by Dan Mitchell | Oct 16, 2014 | Big Government, Blogs, Government Spending

Europe is in deep trouble. That’s an oversimplification, of course, since there are a handful of nations that seem to be moving in the right direction (or at least not moving rapidly in the wrong direction). But notwithstanding those exceptions, Europe in general...

Hong Kong’s Remarkable Fiscal Policy

by Dan Mitchell | Oct 15, 2014 | Big Government, Blogs, Economics, Free Market, Government Spending

I’ve had ample reason to praise Hong Kong’s economic policy. Most recently, it was ranked (once again) as the world’s freest economy. And I’ve shown that this makes a difference by comparing Hong Kong’s economic performance to the comparatively lackluster (or weak)...
Nation’s Leader Rejects Keynesian Economics, Acknowledges that Real Jobs Are Created by the Private Sector

Nation’s Leader Rejects Keynesian Economics, Acknowledges that Real Jobs Are Created by the Private Sector

by Dan Mitchell | Oct 3, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian

You’re probably surprised by the title of this post. You may even be wondering if President Obama had an epiphany on the road to Greece? I don’t mean to burst your bubble, but the leader we’re talking about isn’t the President of the United States. Instead, we’re...

Led by North Carolina and Kansas, a Look at States Moving in the Right Direction

by Dan Mitchell | Oct 2, 2014 | Big Government, Blogs, Government Spending, Tax Competition, Taxation

My colleagues Chris Edwards and Nicole Kaeding have just released the biannual Fiscal Policy Report Card on America’s Governors from the Cato Institute. The Report Card is on the Cato Institute’s most impressive publications sincedevelopments on the state level help...

The Rahn Curve and the Laffer Curve

by Dan Mitchell | Oct 1, 2014 | Big Government, Blogs, Economics, Government Spending, Laffer Curve

What’s the relationship between the Rahn Curve and the Laffer Curve? For the uninitiated, the Rahn Curve is the common-sense notion that some government is helpful for prosperous markets but too much government is harmful to economic performance. Even libertarians,...
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