by Dan Mitchell | Dec 13, 2011 | Blogs, Economics
I’ve written before about the perverse impact of the unemployment insurance program, and I’ve even cited how left-wing economists such as Paul Krugman and Larry Summers admit that you get more joblessness when you pay people for not working. I’ve even shared a very...
by Dan Mitchell | Dec 12, 2011 | Big Government, Blogs, Economics, Government Spending
I’ve commented many times about the misguided big-government policies of both Hoover and FDR, so I can say with considerable admiration that this video packs an amazing amount of solid info into about five minutes. Perhaps the most surprising bit of info in the video...
by Dan Mitchell | Dec 11, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop...
by Dan Mitchell | Dec 10, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending
There’s always been a simple and desirable solution to Europe’s fiscal crisis, but nobody in Europe wants to do the right thing because it means admitting the failure of big government and it would result in less power for the political elite. So we get the spectacle...
by Dan Mitchell | Dec 9, 2011 | Blogs, Economics, Keynesian
Much of the “stimulus” debate has revolved around macroeconomic issues. Obama squandered about $800 billion, supposedly to “jolt” the economy, but growth has been anemic and the employment situation has been miserable. But it’s equally instructive to look at the...
