by Dan Mitchell | Aug 24, 2019 | Big Government, Blogs, Economics, Trade
Earlier this year, I identified Trump’s “worst ever tweet.” I was wrong. That tweet, which displayed an astounding level of economic ignorance, is now old news. Trump issued a tweet yesterday that is far worse because it combines bad economic theory with horrifying...
by Dan Mitchell | Aug 23, 2019 | Blogs, Economics, Taxation, Trade
I wrote two days ago about how the White House is contemplating ideas to boost the economy. This is somewhat worrisome since “stimulus” plans oftentimes are based on Keynesian economics, which has a terrible track record. But there are policies that could help growth...
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...
