by Dan Mitchell | Jul 16, 2019 | Blogs, Economics
One of the few theoretical constraints on Washington is that politicians periodically have to raise a “debt ceiling” or “debt limit” in order to finance additional spending with additional red ink. I have mixed feelings about this requirement. I like that there is...
by Dan Mitchell | Jul 12, 2019 | Blogs, Economics
I’ve just finished up a week of teaching at Northeastern University in Shenyang, China. I mostly taught public finance and explained issues such as marginal tax rates, double taxation, the Rahn Curve, the Laffer Curve, and the fiscal implications of demographic...
by Dan Mitchell | Jul 9, 2019 | Blogs, Economics, Keynesian
Given the repeated failures of Keynesian economic policy, both in America and around the world, you would think the theory would be discredited. Or at least be treated with considerable skepticism by anyone with rudimentary knowledge of economic affairs. Apparently...
by Dan Mitchell | Jul 6, 2019 | Blogs, Economics
When comparing the Obama economy and the Reagan economy, I often used a database from the Minneapolis Federal Reserve that compared jobs and growth data during business cycles. That made sense since both presidents had an economic expansion that began relatively early...
by Dan Mitchell | Jul 2, 2019 | Blogs, Economics
It’s not easy picking the most pessimistic chart about Japan. The country suffered several decades of economic stagnation following the collapse of a bubble about three decades ago. That means it’s a bit of a challenge to identify the worst economic numbers. Is it the...
