by Dan Mitchell | Oct 2, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Mostly because of an aging population, entitlement spending in the United States is projected to become a much bigger burden. Without reform of those programs, the U.S. within a few decades will have a European-sized level of government spending....
by Dan Mitchell | Sep 26, 2023 | Blogs, Economics
There was a lot of bad policy during the pandemic, with the health bureaucracies (the CDC and FDA) being especially incompetent. But we also got lots of policy mistakes from elected officials, including trillions of dollars of fraud-riddled...
by Dan Mitchell | Sep 13, 2023 | Blogs, Economics
I’ve repeatedly explained (last July, last September, and this July) that Biden’s biggest economic problem is that wages are losing ground after adjusting for inflation. The same thing is true when looking at overall household income. The Census Bureau just...
by Dan Mitchell | Aug 31, 2023 | Blogs, Trade
As part of my annual “hopes and fears” column, I expressed optimism at the start of 2021 that Joe Biden would steer the country back toward free trade after the economically debilitating protectionist mistakes of the Trump era. I’ve...
by Dan Mitchell | Aug 26, 2023 | Blogs, Economics
Industrial policy is when politicians use subsidies, mandates, protectionism, and other forms of intervention to provide unearned benefits to a specific companies and/or specific industries. The politicians claim that the free enterprise system somehow...
