by Dan Mitchell | Jan 28, 2015 | Big Government, Blogs, Economics
There’s a lot of navel-gazing analysis in Washington about whether to expect some sort of bipartisanship over the next two years. I find such discussions very irritating because they assume that you automatically get good results when Republicans and Democrats both...
by Dan Mitchell | Jan 26, 2015 | Big Government, Blogs, Government Spending, Taxation
Just like the swallows return each year to Capistrano, I eagerly await the Congressional Budget Office’s release of its annual Economic and Budget Outlook. But not just because I’m a fiscal wonk. I also like perusing this publication to find CBO’s “baseline” forecast...
by Dan Mitchell | Jan 25, 2015 | Blogs, Economics, Keynesian
It’s no secret that I’m a huge fan of Ronald Reagan. He’s definitely the greatest president of my lifetime and, with one possible rival, he was the greatest President of the 20th century. If his only accomplishment was ending malaise and restoring American prosperity...
by Dan Mitchell | Jan 23, 2015 | Blogs, Economics, Monetary Policy
Everyone, it seems, is worried about global economic stagnation. And there is good reason to be concerned. Europe is in the doldrums. Japan is stagnant. The developing world is hampered by intervention, corruption, and absence of property rights. And the United States...
by Dan Mitchell | Jan 22, 2015 | Big Government, Blogs, Economics, Welfare and Entitlements
There’s a famous quote, commonly attributed to Alexis de Tocqueville, about the American character. America is great because America is good. If America ever stops being good, it will stop being great. What makes this quote so popular (even though Wikipedia says it’s...
