by Dan Mitchell | Feb 5, 2022 | Big Government, Blogs, Government Spending, Taxation
A key principle of economics is convergence, which is the notion that poorer nations generally grow faster than richer nations. For instance, battle-damaged European nations grew faster than the United States in the first few decades after World War II....
by Dan Mitchell | Feb 3, 2022 | Big Government, Blogs, Government Spending, Welfare and Entitlements
The title of this column is an exaggeration. What we’re really going to do today is explain the main things you need to know about government debt. We’ll start with this video from Kite and Key Media, which correctly observes...
by Dan Mitchell | Jan 19, 2022 | Big Government, Blogs, Government Spending
Back in 2017, the Center for Freedom and Prosperity released this video to help explain why spending caps are the most sensible and sustainable fiscal rule. Switzerland actually has a spending cap in its constitution, and similar fiscal rules also exist...
by Dan Mitchell | Jan 14, 2022 | Big Government, Blogs, Government Spending
As a libertarian, I view defense spending with the same jaundiced eye that I apply to domestic spending. I’ve pointed out that the U.S. represents a big share of global military outlays.I’ve pointed out that sequestration wasn’t a threat to...
by Dan Mitchell | Jan 13, 2022 | Big Government, Blogs, Government Spending, Taxation
As part of a recent discussion with Gene Tunny in Australia, I explained why I support “Starve the Beast,” which means keeping taxes as low as possible to help achieve the goal of spending restraint. The premise of Starve the Beast is very simple. Politicians like to...
