by Dan Mitchell | Feb 4, 2013 | Big Government, Blogs, Economics
First, some good news. The United States is in much better shape than most other developed nations, particularly if you look at broad measures of prosperity and living standards. And our economy is growing and the private sector is creating jobs. That’s the...
by Dan Mitchell | Feb 2, 2013 | Blogs, Economics
I almost feel sorry for the Obama Administration’s spin doctors. Every month, they probably wait for the unemployment numbers from the Bureau of Labor Statistics with the same level of excitement that people on death row wait for their execution date. This has been...
by Dan Mitchell | Feb 1, 2013 | Blogs, Economics, Laffer Curve, Taxation
Daniel Hannan is a member of the European Parliament from England. He is one of the few economically sensible people in that body, as demonstrated in these short clips of him speaking about tax competition and deriding the European Commission’s corrupt racket. And as...
by Dan Mitchell | Jan 31, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Fighting against statism in Washington is a lot like trying to swim upstream. It seems that everything (how to measure spending cuts, how to estimate tax revenue, etc) is rigged to make your job harder. A timely example is the way the way government puts together data...
by Dan Mitchell | Jan 26, 2013 | Blogs, Economics, Keynesian
Back in 2010, I shared a remarkable graph comparing the predictions of economists to what actually happened. Not surprisingly, the two lines don’t exactly overlap, which explains the old joke that economists have correctly predicted nine of the last five recessions....
