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Iceland, Switzerland, and the Golden Rule of Fiscal Policy

Iceland, Switzerland, and the Golden Rule of Fiscal Policy

by Dan Mitchell | Nov 4, 2013 | Big Government, Blogs, Government Spending

Being a glass-half-full kind of guy, I look for kernels of good news when examining economic policy around the world. I once even managed to find something to praise about French tax policy. And I can assure you that’s not a very easy task. I particularly try to find...

For any Fiscal Policy Question, Spending Restraint Is the Answer

by Dan Mitchell | Oct 24, 2013 | Big Government, Blogs, Economics, Government Spending

Okay, I’ll admit the title of this post is an exaggeration. How to fix the mess at the IRS is a fiscal policy question, and that requires tax reform rather than spending restraint. But allow me a bit of literary license. We just had a big debt limit battle in...
Testifying to the Joint Economic Committee about “Debt Limit Brinksmanship”

Testifying to the Joint Economic Committee about “Debt Limit Brinksmanship”

by Dan Mitchell | Sep 19, 2013 | Big Government, Blogs, Government Spending

As we get closer to the debt limit, the big spenders in Washington are becoming increasingly hysterical about the supposed possibility of default if politicians lose the ability to borrow more money. I testified yesterday to the Joint Economic Committee on “The...

Discussing Europe’s Faux Austerity with John Stossel

by Dan Mitchell | Jun 1, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian, Taxation

I want a smaller burden of government spending, so you can only imagine how frustrating it is for me to observe the fight in Europe. On one side of the debate you have pro-spenders, who call themselves “growth” advocates, but are really just Keynesians. On the other...
Tax and Expenditure Limits: The Challenge of Turning Mitchell’s Golden Rule from Theory into Reality

Tax and Expenditure Limits: The Challenge of Turning Mitchell’s Golden Rule from Theory into Reality

by Dan Mitchell | May 13, 2013 | Big Government, Blogs, Economics, Government Spending

The main goal of fiscal policy should be to shrink the burden of government spending as a share of economic output. Fortunately, it shouldn’t be too difficult to achieve this modest goal. All that’s required is to make sure the private sector grows faster than the...
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