by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending
I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
by Dan Mitchell | Apr 26, 2024 | Big Government, Blogs, Government Spending
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show....
by Dan Mitchell | Apr 23, 2024 | Big Government, Blogs, Government Spending, Taxation
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be...
by Dan Mitchell | Apr 21, 2024 | Big Government, Blogs, Government Spending
There was a lot of wasteful spending during the pandemic. That was bad news, but what’s far more worrisome is that politicians used the pandemic as an excuse to permanently increase the spending trendline. Here’s a chart based on CBO’s historical...
by Dan Mitchell | Apr 12, 2024 | Big Government, Blogs, Economics, Free Market, Government Spending, Welfare and Entitlements
Since this is my last full day in Sweden, I want to build upon my previous two columns (on long-run tax policy and pandemic spending policy). We’ll start with this video explaining that Sweden is not socialist. Johan Norberg is correct. Sweden does not...
