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 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 18, 2011 | Big Government, Blogs, Economics, Government Spending
Sounds like the beginning of a joke, sort of like, “A priest, a rabbi, and a minister walk into a bar…” But I have a serious point to make. I’m currently in Anguilla (yes, this is just one of the sacrifices I make in the fight for liberty), where I just gave a speech...
by Dan Mitchell | Oct 1, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
Today, October 1, is the first day of the 2012 fiscal year. And if you’re wondering why America’s economy seems to have a hangover (this cartoon is a perfect illustration), it’s because politicians had a huge party with our money in FY2011. We don’t have final numbers...
by Dan Mitchell | Sep 29, 2011 | Bailouts, Blogs
One almost feels sorry for Treasury Secretary Tim Geithner. He’s a punchline in his own country because he oversees the IRS even though he conveniently forgot to declare $80,000 of income (and managed to get away with punishment that wouldn’t even qualify as a slap on...
