by Dan Mitchell | Mar 9, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
We have decades of real-world experience with Keynesian economics. The results are not pretty. It didn’t work for Hoover.It didn’t work for Roosevelt.It didn’t work for Japan.It didn’t work for Europe.It didn’t...
by Dan Mitchell | Mar 8, 2021 | Big Government, Blogs, Economics
I periodically write about the importance of long-run growth and about the importance of convergence (whether poorer countries are catching up with richer countries, as suggested by theory). This is because such data, especially over decades,...
by Dan Mitchell | Mar 6, 2021 | Big Government, Blogs, Government Spending, Taxation
Two days ago, the Congressional Budget Office released its latest long-run fiscal forecast. The report focuses – incorrectly – on the growth of red ink. And most of the people who have written about the report also have focused – incorrectly –...
by Dan Mitchell | Mar 5, 2021 | Taxation
Two years ago, I wrote about how two former Prime Ministers in the United Kingdom, David Cameron and Theresa May, did a very good job of restraining spending. On average, spending increased by only 1.8 percent per year last decade, which helped to...
by Dan Mitchell | Mar 4, 2021 | Blogs, Economics, Free Market
The 2021 edition of the Index of Economic Freedom was released today (as I’ve repeatedly stated, it’s my favorite annual publication from the Heritage Foundation). There are five things that merit attention 1. Hong...
