by Dan Mitchell | Nov 1, 2011 | Big Government, Blogs, Government Spending
I am automatically suspicious of the veracity of anything I see online, so I don’t necessarily believe this is a real receipt. But it could be, and that’s what’s disturbing. There are very few restrictions on the use of food stamps, so there’s nothing to stop a...
by Dan Mitchell | Nov 1, 2011 | Big Government, Blogs, Economics, Government Spending
I have sometimes wondered whether it is accurate to say that Republicans are the “Stupid Party.” We’ll soon know the answer to that question. As part of the debt limit agreement, the politicians agreed to set up a “Supercommittee” comprised of six Republicans and six...
by Dan Mitchell | Oct 30, 2011 | Big Government, Blogs, Economics, Government Spending
A couple of weeks ago, I proposed a “Golden Rule of Fiscal Policy” that was probably a bit too wordy. Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the...
by Dan Mitchell | Oct 28, 2011 | Bailouts, Big Government, Blogs, Europe
The Europeans have just agreed to another bailout for Greece. That’s the bad news. The good news is…well, there is no good news. Sarkozy, Merkel, and the other statists have once again failed to do the right thing and instead have decided to throw good money after bad...
by Dan Mitchell | Oct 28, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Professor Allan Meltzer of Carnegie Mellon University has a must-read column in today’s Wall Street Journal, beginning with what should be an obvious statement. Those who heaped high praise on Keynesian policies have grown silent as government spending has failed to...
