by Sven R. Larson | Aug 14, 2018 | CF&P Foundation Prosperitas Studies, Publications
[PDF Version] August 2018, Vol. XII, Issue III Fiscal Crisis in America, Part 2: Greece – A Harbinger for the United States? By Sven R. Larson* A fiscal crisis in the United States is no longer unthinkable. It is difficult to assess the probability and the exact...
by Dan Mitchell | Jul 28, 2018 | Big Government, Blogs, Government Spending, Taxation
Shortly after the fiscal crisis began in Greece, I explained that the country got in trouble because of too much government spending. More specifically, I pointed out that the country was violating my Golden Rule, which meant that the burden of spending was rising...
by Dan Mitchell | Mar 14, 2018 | Big Government, Blogs, Economics, Government Spending
Way back in 2009, I narrated a video explaining that people worry too much about deficits and debt. Red ink isn’t desirable, to be sure, but I pointed out that the real problem is government spending. And the bottom line is that most types of government...
by Dan Mitchell | Dec 27, 2017 | Big Government, Blogs
I’ve written that it’s theoretically possible for Greece to pay its debts and restore prosperity. After all, it’s simply a matter of obeying fiscal policy’s Golden Rule and reforming a suffocating tax system. But I’ve always figured none of that will happen because...
by Dan Mitchell | Dec 16, 2017 | Big Government, Blogs, Government Spending, Taxation
Greece has confirmed that a nation can spend itself into a fiscal crisis. And the Greek experience also has confirmed that bailouts exacerbate a fiscal crisis by enabling more bad policy, while also rewarding spendthrift politicians and reckless lenders (as I...
