by Dan Mitchell | Sep 6, 2020 | Blogs, Economics
What’s the best economic news of the past 40 years? Was it Reaganomics, which restored America’s economic vitality? Was it the collapse of the Soviet Empire, which freed many nations from communist tyranny and allowed at least some of them to successfully shift to...
by Dan Mitchell | May 23, 2019 | Blogs, Economics, Free Market
I’m in Sydney, Australia, but not because I’m confirming that this country will be my escape option if (when?) the United States suffers a Greek-style fiscal collapse. Instead, I’m Down Under for the annual Friedman Conference. This gives me an excuse to write about...
by Dan Mitchell | Dec 11, 2018 | Big Government, Blogs, Welfare and Entitlements
The world is in the middle of a dramatic demographic transition caused by increasing lifespans and falling birthrates. One consequence of this change is that traditional tax-and-transfer, pay-as-you-go retirement schemes (such as Social Security in the United States)...
by Dan Mitchell | Nov 2, 2018 | Blogs, Taxation
President Trump thinks he can boost Republicans next Tuesday by promising a new round of tax relief for the middle class. I’m skeptical of his sincerity, as noted in this segment from a recent interview, but I also warn that his proposed tax cut is impractical because...
by Dan Mitchell | Aug 7, 2018 | Big Government, Blogs, Welfare and Entitlements
The United States has a bankrupt Social Security system. According to the most recent Trustees Report, the cash-flow deficit is approaching $44 trillion. And that’s after adjusting for inflation. Even by DC standards of profligacy, that’s a big number. Yet all that...
