by Dan Mitchell | Aug 22, 2013 | Big Government, Blogs, Economics
I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the...
by Dan Mitchell | Aug 21, 2013 | Big Government, Blogs, Government Spending
As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we actually knew what was going to happen over the next 12 months, we’d...
by Dan Mitchell | Aug 8, 2013 | Big Government, Blogs
Two days ago, I shared an insightful article from Kevin Williamson as we contemplated the President’s ideology. Yesterday, we reviewed an article by Richard Epstein in hopes of deciphering Obama’s approach to economic policy. Let’s conclude our series by looking at...
by Dan Mitchell | Aug 2, 2013 | Big Government, Blogs, Economics
President Obama made a much-hyped pivot-to-the-economy speech yesterday in Chattanooga, Tennessee. I already explained, immediately following the speech, why his “grand bargain” on corporate taxes was not a good deal because of all the hidden taxes on new investment...
by Dan Mitchell | Jul 31, 2013 | Big Government, Blogs, Government Spending
In an interview last week about Detroit’s bankruptcy, I explained that the city got in trouble because of growing dependency and an ever-rising burden of government spending. I also warned that the federal government faces the same challenge. Washington is in trouble...
