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Which Nation Has the Worst Dependency Ratio?

Which Nation Has the Worst Dependency Ratio?

by Dan Mitchell | Aug 8, 2015 | Big Government, Blogs, Welfare and Entitlements

For both policy reasons and narcissism, I wish the most popular item ever posted on International Liberty was Mitchell’s Golden Rule. But that guide to sensible fiscal policy isn’t even in the top 70. Instead, my most-read post is a set of cartoons showing how the...
Greece, Germany, and a Real-World Version of Atlas Shrugged

Greece, Germany, and a Real-World Version of Atlas Shrugged

by Dan Mitchell | Jul 17, 2015 | Big Government, Blogs, Economics, Europe, Government Spending

I suggested a couple of months ago that the economic turmoil in Greece and Venezuela is somewhat akin to a real-life version of Atlas Shrugged. And I’ve also used that analogy when writing about France and Detroit. But I’m probably not doing justice to Ayn Rand’s...
Great Moments in Masochistic Government Incompetence

Great Moments in Masochistic Government Incompetence

by Dan Mitchell | Jul 13, 2015 | Big Government, Blogs, Welfare and Entitlements

I’ve argued that we’ll get better government if we make it smaller. This is important because government is responsible for some things – such as national defense and protection of property rights – that are genuinely important. Yet a bloated public sector distracts...
Learning Valuable Lessons from History on How to Reduce Poverty

Learning Valuable Lessons from History on How to Reduce Poverty

by Dan Mitchell | Jul 6, 2015 | Blogs, Economics

I’ve written over and over again that the federal government’s so-called War on Poverty has been a disaster. It’s been bad news for taxpayers, of course, but it’s also been bad news for poor people since they get trapped in dependency. So what’s the alternative? Well,...
Which Nation Has the Worst Dependency Ratio?

A Very Depressing Look at America’s Growing Dependency Crisis

by Dan Mitchell | Jul 4, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements

Based on a new report from the Congressional Budget Office, I wrote two weeks ago about America’s dismal long-run fiscal outlook. Simply stated, we face a Greek-style fiscal future because of changing demographics and poorly designed entitlement programs. But I was...
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