by Dan Mitchell | Aug 23, 2010 | Big Government, Blogs, Economics, Government Spending
Working in Washington is a frustrating experience for many reasons, but my personal nightmare is that bad ideas refuse to die. Keynesian economics is a perfect example. It doesn’t matter that Keynesian deficit spending didn’t work for Hoover and Roosevelt. It doesn’t...
by Dan Mitchell | Aug 22, 2010 | Uncategorized
National Review captures a key difference between Reagan and Obama, writing that Reagan was willing to incur short-run political pain to make America healthier and stronger. Obama, by contrast, has pursued the free-lunch Keynesian approach. Only time will tell...
by Dan Mitchell | Aug 21, 2010 | Big Government, Blogs, Economics, Government Spending
I hope the title of this post is an exaggeration, but it’s certainly a logical conclusion based on what is written in the Congressional Budget Office’s updated Economic and Budget Outlook. The Capitol Hill bureaucracy basically has a deficit-über-alles view of fiscal...
by Dan Mitchell | Aug 11, 2010 | Big Government, Blogs, Economic Growth, Government Spending, Taxation
I’m still dealing with the statist echo chamber, having been hit with two additional attacks for the supposed sin of endorsing Reaganomics over Obamanomics (my responses to the other attacks can be found here and here). Some guy at the Atlantic Monthly named Steve...
by Dan Mitchell | Aug 1, 2010 | Big Government, Blogs, Health Care, Taxation
Like the swallows returning to Capistrano, the Congressional Budget Office follows a predictable pattern of endorsing policies that result in bigger government. During the debate about the so-called stimulus, for instance, CBO said more spending and higher deficits...
