by Dan Mitchell | Jul 7, 2024 | Big Government, Blogs, Economics, Government Spending
I’ve written previously about Pakistan getting into trouble because government spending grew too fast over a multi-year period. And I also wrote about Kenya suffering economic problems for the same reason. Today, let’s look at the fiscal...
by Dan Mitchell | Jun 27, 2024 | Big Government, Blogs, Government Spending, Taxation
I wrote earlier this year about Kenya’s fiscal policy and I made two points. Kenya is in trouble because the burden of government spending has exploded over the past twenty-plus years. Tax increases in Kenya are backfiring because people are changing their...
by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending
More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...
by Dan Mitchell | Jun 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Earlier this week, the Congressional Budget Office issued a new 10-year fiscal forecast showing spending, revenues, and red ink between 2025 and 2034. As these examples show, almost all of the resulting headlines focused on deficits and...
by Dan Mitchell | Jun 3, 2024 | Big Government, Blogs, Taxation
I wrote last November that Germany is in a period of fiscal decay. Over the past eight-plus years, the burden of government spending has grown far too fast, violating the Golden Rule of fiscal policy. As a result, the share of the economy...
