by Dan Mitchell | Mar 28, 2025 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Some traditions are enjoyable, like opening day of the baseball season or celebrating a child’s birthday. Today, we’re going to continue an unpleasant annual tradition (see 2018, 2019, 2020, 2021, 2022, 2023, 2024) by looking at the...
by Dan Mitchell | Jan 27, 2025 | Big Government, Blogs, Government Spending
Since it was unveiled last September, I’ve cited three examples of my 20th Theorem of Government. Colombia France Brazil You’ll notice, however, that the Theorem is not limited to countries. That’s because local and regional politicians are just as capable of...
by Dan Mitchell | Jan 2, 2025 | Big Government, Blogs, Government Spending
Many people mistakenly think that America’s main fiscal problem is annual budget deficits that are now approaching $2 trillion. It is not good to have so much red ink, to be sure, but the real problem is that the federal government is spending...
by Dan Mitchell | Sep 27, 2024 | Big Government, Blogs, Government Spending
While writing about Colombia’s fiscal problems 10 days ago, I issued my 20th Theorem of Government. Simply stated, governments get in trouble because politicians spend too much money. To be more specific, they don’t follow my Golden Rule. And that’s exactly...
by Dan Mitchell | Sep 17, 2024 | Big Government, Blogs, Government Spending
Three days ago, I wrote about Brazil’s budgetary chaos and I issued a corollary to my Golden Rule. Whenever there is a fiscal mess, excess spending growth is the cause. Today, let’s apply that lesson to another South American country. There’s currently...
