by Dan Mitchell | Mar 18, 2023 | Big Government, Blogs, Government Spending
Back in 2012, I wrote a column for the Wall Street Journal to highlight the success of Switzerland’s spending cap (also known as the “debt brake”). Swiss voters voted for this spending cap in 2001 and ever since it took effect in 2003,...
by Dan Mitchell | Mar 10, 2023 | Big Government, Blogs, Government Spending, Taxation
President Biden has released his 2024 budget, which mostly recycles the tax-and-spend proposals that he failed to achieve as part of his original “Build Back Better” plan. It is not easy figuring out his worst policy. Is it one of the proposed tax...
by Dan Mitchell | Feb 26, 2023 | Big Government, Blogs, Government Spending
In this segment from a December interview, I explain that budget deficits are most likely to produce inflation in countries with untrustworthy governments.* The simple message is that budget deficits are not necessarily inflationary. It depends how budget deficits are...
by Dan Mitchell | Feb 25, 2023 | Big Government, Blogs, Europe, Government Spending, Taxation
What’s the main fiscal and/or economic problem in the European Union? Is it that the burden of taxes and spending is very onerous today?Or is it that the burden of taxes and spending will become more onerous in the future? The easy and correct...
by Dan Mitchell | Feb 23, 2023 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Some American politicians, such as Joe Biden and Donald Trump, are very much opposed to dealing with Social Security, even though the current system has a massive $56 trillion cash-flow deficit. For all intents and purposes, both the current...
