Daniel J. Mitchell is a Washington-based economist who specializes in fiscal policy, particularly tax reform, international tax competition, and the economic burden of government spending. He also serves on the editorial board of the Cayman Financial Review.
The main argument in favor of foreign aid is that rich countries can and should help poor countries become more prosperous. And plenty of politicians are following that approach. According to the latest data from the Organization for Economic Cooperation and Development, donor governments gave away more than $220 billion last year. But advocates of...
The United States is in fiscal trouble. The burden of government spending has increased by nearly $3 trillion over the past 10 years—nearly doubling in just one decade! And that means more resources diverted from the economy’s productive sector, which is bad news whether the spending is financed by taxes, borrowing, or money printing. To...