by Dan Mitchell | Oct 30, 2011 | Blogs, Economics
Here’s an absolutely horrifying video of President Franklin Roosevelt promoting a “Second Bill of Rights” based on coercive redistribution. At first, I was going to post it and contrast it with this superb Reagan video and compare how one President’s policies kept...
by Dan Mitchell | Oct 30, 2011 | Big Government, Blogs, Economics, Government Spending
A couple of weeks ago, I proposed a “Golden Rule of Fiscal Policy” that was probably a bit too wordy. Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the...
by Dan Mitchell | Oct 28, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Professor Allan Meltzer of Carnegie Mellon University has a must-read column in today’s Wall Street Journal, beginning with what should be an obvious statement. Those who heaped high praise on Keynesian policies have grown silent as government spending has failed to...
by Dan Mitchell | Oct 27, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Folks of a certain age, who watched ABC’s Wide World of Sports, will remember the phrase “the agony of defeat.” Well, that’s what Richard Epstein and I endured Tuesday night at the Intelligence Squared debate in New York City. We were battling against two Keynesians,...
by Dan Mitchell | Oct 24, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
A couple of months ago, after reading an excellent column in the semi-official newspaper of the Vatican, I joked that we should send Obama to Rome for an economics lesson. I now completely retract that statement. There may be some economically astute people who write...
