by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
The Congressional Budget Office has just released the update to its Economic and Budget Outlook. There are several things from this new report that probably deserve commentary, including a new estimate that unemployment will “remain above 8 percent until 2014.” This...
by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
ust last week, I made fun of Paul Krugman after he publicly said that a fake threat from invading aliens would be good for the economy since the earth would waste a bunch of money on pointless defense outlays. Yesterday, there were rumors that Krugman stated that it...
by Dan Mitchell | Aug 21, 2011 | Blogs, Economics
I took part in a thirty-minute online Skype debate for PBS on income inequality, and they boiled it down to the 4:44 youtube video embedded below. You probably won’t be surprised to learn that I said economic growth was the key. I don’t want to re-slice the pie. I...
by Dan Mitchell | Aug 18, 2011 | Big Government, Blogs, Economics, Government Spending, Government Waste
The latest issue of the World Economic Forum’s Global Competitiveness Report contains some rather damning information about government incompetence in the United States. America ranks only 68th in the “Wastefulness of Government Spending” category (page 373) and 49th...
by Dan Mitchell | Aug 18, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently argued that a fake threat from space aliens would be good for the economy because the people of earth would waste a bunch of money building unnecessary defenses. That was a bit loopy, as I noted a few days ago, but other Keynesians also have been...
