by Dan Mitchell | Jul 17, 2019 | Big Government, Blogs, Energy
From a macroeconomic perspective, President Obama’s so-called stimulus was a flop. The federal government borrowed and redistributed almost $1 trillion, yet the economy stagnated. From a microeconomic perspective, the faux stimulus may have been an even bigger...
by Dan Mitchell | Jul 17, 2019 | Opinion and Commentary
Originally published by The American Conservative on July 16, 2019. Looking at Representative Alexandria Ocasio-Cortez’s Green New Deal, one is reminded of Voltaire’s comment that the Holy Roman Empire was neither holy, nor Roman, nor an empire. But that might be...
by Dan Mitchell | Jul 16, 2019 | Blogs, Economics
One of the few theoretical constraints on Washington is that politicians periodically have to raise a “debt ceiling” or “debt limit” in order to finance additional spending with additional red ink. I have mixed feelings about this requirement. I like that there is...
by Dan Mitchell | Jul 15, 2019 | Big Government, Blogs
The Nordic nations punch above their weight in global discussions of economic policy. Advocates of bigger government in the United States, such as Bernie Sanders, claim that those countries are proof that socialism can work. But there’s a big problem with that claim....
by Dan Mitchell | Jul 14, 2019 | Blogs, Taxation
I’ve labeled the International Monetary Fund as the “dumpster fire” of the world economy. I’ve also called the bureaucracy the “Dr. Kevorkian” of international economic policy, though that reference many not mean anything to younger readers. My main complaint is that...
