by Dan Mitchell | Aug 22, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office (CBO) just released its new 10-year forecast. Unsurprisingly, it shows that Trump’s reckless spending policy is accelerating America’s descent to Greek-style fiscal profligacy. Most people are focusing on the estimates of additional red...
by Dan Mitchell | Aug 21, 2019 | Blogs, Economics, Trade
I’m worried. There’s a lot of talk in Washington about Trump trying to goose the economy with either Keynesian monetary policy or Keynesian fiscal policy. It would be much better, as I discuss in this interview with Yahoo Finance, if Trump instead declared a ceasefire...
by Dan Mitchell | Aug 20, 2019 | Blogs, Economics, Keynesian
I was interviewed yesterday about the possibility of a recession and potential policy options. You can watch the full interview here and get my two cents about economic forecasting, as well as Keynesian monetary policy. In this segment, you can see that I’m also...
by Dan Mitchell | Aug 19, 2019 | Blogs, Europe, Taxation
I’ve written over and over again about how European-sized welfare states require big tax burdens on poor and middle-income taxpayers. Simply stated, there aren’t enough rich people to finance big government. Especially since they generally have the ability to...
by Dan Mitchell | Aug 18, 2019 | Blogs, Uncategorized
Time to augment our growing collection of satire about the twin horrors of socialism and communism. Today, we’ll concentrate on the latter form of totalitarianism and mock Marxism. The New York Times has a bizarre history of going out of its way to praise communism,...
