by Dan Mitchell | Nov 28, 2025 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
I often get asked when the United States will suffer a Greek-style fiscal crisis. My answer is always “I don’t know,” though I freely admit we are heading in that direction. My lack of specificity isn’t merely because economists are lousy...
by Dan Mitchell | Aug 28, 2023 | Blogs, Economic Growth
In large part because of an economic system completely at odds with human nature, communists have a nasty habit of never delivering on Marx’s vision. They promise equality, but the elite enjoy lavish lifestyles while ordinary people...
by Dan Mitchell | Jul 23, 2023 | Blogs, Economics
Economists assume that poor countries should grow faster than rich countries over time, a process known as convergence. It’s a reasonable theory, but only if poor countries and rich countries have similar levels of economic liberty. But that’s...
by Dan Mitchell | Nov 1, 2022 | Big Government, Blogs
I’ve expressed opposition numerous times to so-called industrial policy because I don’t want politicians and bureaucrats to provide special favors to certain businesses or industries at the expense of everyone else. That’s a practice known...
by Dan Mitchell | Aug 19, 2022 | Blogs, Taxation
Back in 2014, I shared a meme with a motto that was perfect for Washington, DC. Today, let’s do something similar. But instead of a motto specifically for America’s unsavory capital, how about one sentence that summarizes the mentality of all...
