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Fiscal Rules Focused on Debt Don’t Necessarily Produce Good Outcomes

Fiscal Rules Focused on Debt Don’t Necessarily Produce Good Outcomes

by Dan Mitchell | Oct 11, 2025 | Big Government, Blogs, Government Spending, Taxation

Given my concern about the negative effects of excessive government spending, as well as my concerns about the consequences of ever-growing government (higher taxes, higher debt, inflation), I’m always very interested to learn about the...
France, Germany, and the 17th Theorem of Government

France, Germany, and the 17th Theorem of Government

by Dan Mitchell | Oct 7, 2025 | Big Government, Blogs, Economics, Government Spending

I have a three-part series (here, here, and here) about a likely fiscal crisis hitting Europe. As a matter of fact, I don’t actually think it is “likely.” It’s a given at this point. The only mystery is which domino falls first. My pessimism is based on...
What if We Had a Government Shutdown (Again) and Nobody Noticed or Cared?

What if We Had a Government Shutdown (Again) and Nobody Noticed or Cared?

by Dan Mitchell | Oct 1, 2025 | Big Government, Blogs

In 2013, during a political squabble over a previous government shutdown, here’s some of what I wrote. …in my libertarian fantasy world, we leave it closed. Or at least we never bother to reopen counterproductive bureaucracies such as the Department of...
Italy, the Pack-a-Day Spending Habit, and the 20th Theorem of Government

Italy, the Pack-a-Day Spending Habit, and the 20th Theorem of Government

by Dan Mitchell | Sep 27, 2025 | Big Government, Blogs, Government Spending

I’ve repeatedly written about the likelihood of another European fiscal crisis (see here, here, here, and here), and I’ve specifically speculated that Italy will be the first domino (see here, here, here, here, here,...
Bulgaria and the 20th Theorem of Government

Bulgaria and the 20th Theorem of Government

by Dan Mitchell | Sep 24, 2025 | Big Government, Blogs, Government Spending, Taxation

My 20th Theorem of Government is based on the very simple – but empirically rigorous – premise that the key fiscal variable is spending growth. If government is restrained, there are inevitably good outcomes. If government grows rapidly,...
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