by Dan Mitchell | Mar 28, 2018 | Big Government, Blogs, Welfare and Entitlements
Given Social Security’s enormous long-run financial problems, the program eventually will need reform. But what should be done? Some folks on the left, such as Barack Obama and Hillary Clinton, support huge tax increases to prop up the program. Such an approach would...
by Dan Mitchell | Mar 9, 2018 | Big Government, Blogs
Back in 2015, I wrote some columns about policy differences with folks who normally would be considered allies. In Part I, I defended the flat tax, which had been criticized by Reihan Salam In Part II, I explained why I thought a comprehensive fiscal package from the...
by Dan Mitchell | Feb 2, 2018 | Blogs
The United States and other western nations became rich during the 1800s thanks to a combination of rule of law and very small government. Sadly, very few nations – most notably East Asian tiger economies – have become rich in the modern era. Yes, some other countries...
by Dan Mitchell | Dec 8, 2017 | Big Government, Blogs, Welfare and Entitlements
I wrote yesterday about “the world’s demographic problem,” citing a new study about the fiscal implications of aging populations. The report was produced by the Organization for Economic Cooperation and Development, which is not my favorite international...
by Dan Mitchell | Aug 29, 2017 | Uncategorized
Most people understand that there’s a Social Security crisis, but they only know half the story. The part of the crisis they grasp is that the program is basically bankrupt, though I doubt many of them realize that the long-run shortfall is a staggering $44 trillion....
