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Will Denmark Become a Shining Example of Mitchell’s Golden Rule?

by Dan Mitchell | Jun 21, 2015 | Big Government, Blogs, Economics, Government Spending

I suggested earlier this year that Denmark’s ratio of private sector workers compared with government dependents produced the world’s most depressing Powerpoint slide. It’s hard to be optimistic, after all, if a nation has an ever-growing number of people riding in...

Very Powerful Real-World Evidence for Spending Caps

by Dan Mitchell | Apr 4, 2015 | Big Government, Blogs, Economics, Government Spending

A few days ago, I cited some research by an economics professor at the University of Georgia (Go Dawgs!), who calculated that we would have a big budget surplus today if Washington lawmakers had simply maintained Bill Clinton’s final budget, adjusting it only for...

Bill Clinton and the Retroactive Application of Mitchell’s Golden Rule

by Dan Mitchell | Apr 1, 2015 | Big Government, Blogs, Economics, Government Spending

It’s amazingly simple to reduce the burden of government spending. Policy makers simply need to impose some modest spending restraint so that government doesn’t grow faster than the economy’s productive sector. In a display of humility that can only be found in...
The Alberta Example: Spending Caps Are the Way to Prevent Unsustainable Fiscal Binges During Growth Years

The Alberta Example: Spending Caps Are the Way to Prevent Unsustainable Fiscal Binges During Growth Years

by Dan Mitchell | Mar 1, 2015 | Big Government, Blogs, Economics, Government Spending

Back in 2012, I shared some superb analysis from Investor’s Business Dailyshowing that the United States never would have suffered $1 trillion-plus deficits during Obama’s first term if lawmakers had simply exercised a modest bit of spending restraint beginning back...

More Evidence of Fiscal Progress

by Dan Mitchell | Dec 29, 2014 | Big Government, Blogs, Economics, Government Spending

Many people fantasize about supermodels, but not me. I’m a bit of an oddball. In my fantasy world, I want to shrink the federal government back to the size envisioned by the Founding Fathers. I can’t stop myself from wistfully dreaming about the expanded freedom and...
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