by Dan Mitchell | Feb 27, 2014 | Blogs, Economics, Taxation
To make fun of big efforts that produce small results, the famous Roman poet, Horace, wrote “The mountains will be in labor, and a ridiculous mouse will be brought forth.” That line sums up my view of the new tax reform plan introduced by Congressman Dave Camp,...
by Dan Mitchell | Feb 25, 2014 | Big Government, Blogs, Economics
One of my goals is to convince people that even small differences in long-run growth can have a powerful impact on living standards and societal prosperity. In other words, the economy is not a fixed pie. The right policies, such as free markets and small government,...
by Dan Mitchell | Feb 24, 2014 | Big Government, Blogs, Economics, Government Spending
There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by reducing the burden of government spending. Simply...
by Dan Mitchell | Feb 23, 2014 | Blogs, Economics, Minimum Wage
If I banged my head against the wall every time politicians advocated bad policy in Washington – which is a tempting impulse, I would have been institutionalized because of brain damage a long time ago. But it’s difficult to maintain my self control when I think...
by Dan Mitchell | Feb 21, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This experiment in Keynesian economics was controversial when it was...
