by Dan Mitchell | Dec 30, 2016 | Blogs, Economics
At the risk of sounding like a broken record (or like Donald Sutherland in Animal House), I’m going to repeat myself for the umpteenth time and state that the United States has a big long-run problem. To be specific, the burden of government spending will inexorably...
by Dan Mitchell | Nov 9, 2016 | Blogs, Economics
Wow. I don’t know what else to say. Almost all the experts said Trump couldn’t win the GOP nomination. Then the expert consensus was that Trump had virtually no chance of winning the White House. Now, for better or worse, he’s going to be America’s next President....
by Dan Mitchell | Nov 3, 2016 | Big Government, Blogs, Economics
In 2008, government spending consumed 50.9 percent of economic output in Greece according to OECD fiscal data. That same year, Greece’s score from Economic Freedom of the World was 7.12 (on a 0-10 scale), which was rather poor for a supposedly developed country and...
by Dan Mitchell | Nov 2, 2016 | Uncategorized
While the political world is consumed by the various scandals and baggage of the two main presidential candidates, let’s play a game of make-believe. Let’s pretend that politicians aren’t crooks and clowns and instead actually want to make America’s economy more...
by Dan Mitchell | Oct 9, 2016 | Big Government, Blogs, Economics
One of the great flaws of Keynesian economics is that proponents assume policymakers are angels motivated solely by a desire to help people by boosting the economy when there’s a downturn. Needless to say, that’s an absurd assumption. To cite just one real-world...
