by Dan Mitchell | May 10, 2017 | Blogs, Economics
I’ve repeatedly argued that there are two Social Security crises. The one most people know about is the fiscal crisis. Simply stated, the program is bankrupt. But you don’t have to believe me. Here are some excerpts from a CNBC column. The Social Security...
by Dan Mitchell | Mar 21, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I’ve looked at some of the grim fiscal implications of demographic changes the United States and Europe. Now let’s look at what’s happening in Asia. The International Monetary Fund has a recent study that looks at shortfalls in government-run pension schemes and...
by Dan Mitchell | Jun 20, 2016 | Blogs, Economics, Free Market
I shared yesterday a remarkable TV show about Estonia’s entrepreneurial miracle. Today, let’s look at the Chilean version in the series. It shows how the South American nation, which now is ranked very high for economic freedom, is a shining example of how small...
by Dan Mitchell | Jun 13, 2016 | Big Government, Blogs, Europe, Government Spending
Changing demographics is one of the most powerful arguments for genuine entitlement reform. When programs such as Social Security and Medicare (and equivalent systems in other nations) were first created, there were lots of young people and comparatively few old...
by Dan Mitchell | Mar 8, 2016 | Big Government, Blogs, Economics, Europe, Government Spending, Welfare and Entitlements
The most depressing data about America’s economy is not the top tax rate, the regulatory burden, or the level of wasteful of government spending. Those numbers certainly are grim, but I think they’re not nearly as depressing as America’s demographic outlook. As you...
