by Dan Mitchell | Aug 6, 2020 | Big Government, Blogs, Economics, Government Spending, Keynesian
We did not get good policy during the economic crisis of the 1930s. Indeed, it’s quite likely that bad decisions by Herbert Hoover and Franklin Roosevelt deepened and lengthened the Great Depression. Likewise, George Bush and Barack Obama had the wrong responses...
by Dan Mitchell | Jul 31, 2020 | Big Government, Blogs, Government Spending
I wrote last month about “anarcho-capitalists” who think we don’t need any government because markets can provide everything. Most people, though, think that there are certain things (such as national defense and the rule of law) that are “public goods” because they...
by Dan Mitchell | Jul 30, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse...
by Dan Mitchell | Jul 28, 2020 | Big Government, Blogs, Government Spending
Back in 2011, CF&P released this video citing four nations – Canada, Ireland, Slovakia, and New Zealand – that achieved very good results with multi-year periods of genuine spending restraint. Today, let’s focus on what’s been happening with government spending in...
by Dan Mitchell | Jul 27, 2020 | Big Government, Blogs, Government Spending
Way back in January of 2017, I predicted for a French TV audience that Donald Trump would be a big spender like George Bush instead of a small-government conservative like Ronald Reagan. Sadly, I was right. I crunched the numbers earlier this year and showed that...
