by Dan Mitchell | Nov 10, 2010 | Big Government, Blogs
One of my first blog posts (and the first one to get any attention) highlighted the amusing/embarrassing irony of having Chinese students laugh at Treasury Secretary Geithner when he claimed the United States had a strong-dollar policy. I suspect that even Tim...
by Dan Mitchell | Oct 9, 2010 | Big Government, Blogs, Economics, Government Spending
The Economist has a fascinating webpage that allows you to look at all the world’s nations and compare them based on various measures of government debt (and for various years). The most economically relevant measure is public debt as a share of GDP, and you can see...
by Dan Mitchell | Oct 8, 2010 | Big Government, Blogs, Government Spending, Taxation
Here’s a chart from Veronique de Rugy’s new article in The American. Amazing how the problem becomes obvious when you look at real numbers and don’t get trapped into using “baseline” math (as I explain in my latest video).
by Dan Mitchell | Oct 6, 2010 | Big Government, Blogs, Economics, Government Spending
Keynesian economic theory is the social-science version of a perpetual motion machine. It assumes that you can increase your prosperity by taking money out of your left pocket and putting it in your right pocket. Not surprisingly, nations that adopt this approach do...
by Dan Mitchell | Oct 5, 2010 | Big Government, Blogs, Government Spending, Taxation
I hate taxes more than anyone, but other policies matter as well, so if I had the choice of replacing current government policies with the ones that existed at the end of the Clinton years, I would gladly make that trade. Yes, it would mean higher tax rates, but it...
