by Dan Mitchell | Oct 27, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Folks of a certain age, who watched ABC’s Wide World of Sports, will remember the phrase “the agony of defeat.” Well, that’s what Richard Epstein and I endured Tuesday night at the Intelligence Squared debate in New York City. We were battling against two Keynesians,...
by Dan Mitchell | Oct 25, 2011 | Big Government, Blogs
One of the reasons I’m a libertarian is that virtually all of my personal interactions with government are unpleasant. * Governments pull me over and give me tickets for trying to efficiently drive from one location to another. * Governments coerce me into filling out...
by Dan Mitchell | Oct 24, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
A couple of months ago, after reading an excellent column in the semi-official newspaper of the Vatican, I joked that we should send Obama to Rome for an economics lesson. I now completely retract that statement. There may be some economically astute people who write...
by Dan Mitchell | Oct 23, 2011 | Bailouts, Big Government, Blogs, Government Spending
Almost two years ago, I wrote that bailing out Greece was misguided because it would dig the debt hole deeper. More recently, I wrote an I-told-you-so post that looked at my four original predictions and patted myself on the back for being accurate (not that it took...
by Dan Mitchell | Oct 20, 2011 | Bailouts, Big Government, Blogs, Europe
I would have structured this flowchart differently, for reasons I discuss in this post, but this is pretty good picture of why Europe is in trouble. They say all roads lead to Rome, and this flowchart shows all roads lead to a banking crisis (see this post to...
