by Dan Mitchell | Jun 6, 2012 | Blogs, Economics, Keynesian
Writing in yesterday’s Washington Post, former Obama economist Larry Summers put forth the strange hypothesis that more red ink would improve the federal government’s long-run fiscal position. This sounds like an excuse for more Keynesian spending as part of another...
by Dan Mitchell | May 1, 2012 | Big Government, Blogs, Economics, Keynesian
There’s an old saying that insanity is doing the same thing over and over again while expecting different results. This certainly is a good description of Keynesians, who relentlessly push more government spending as some sort of magic potion for the economy –...
by Dan Mitchell | Dec 19, 2010 | Big Government, Blogs, Economics, Welfare and Entitlements
The two main political parties are sniping at each other about the just-concluded tax deal, largely because Republicans are happy and Democrats are displeased that all of the 2001/2003 tax cuts are being extended for all taxpayers. Almost nobody is paying attention to...
