by Dan Mitchell | Apr 1, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
London was just hit by heavy riots as part of a protest against the “deep” and “savage” budget cuts of the Cameron government. This is not the first time the U.K. has endured riots. The welfare lobby, bureaucrats, and other recipients of taxpayer largesse are becoming...
by Dan Mitchell | Mar 28, 2011 | Blogs, Economic Growth, Economics
Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively...
by Dan Mitchell | Mar 21, 2011 | Blogs, Economics, Monetary Policy
To put it mildly, the Federal Reserve has a dismal track record. It bears significant responsibility for almost every major economic upheaval of the past 100 years, including the Great Depression, the 1970s stagflation, and the recent financial crisis. Perhaps the...
by Dan Mitchell | Mar 13, 2011 | Big Government, Blogs, Economics, Free Market, Government Spending
I was part of a debate for an English-language Russian TV program on the international implications of economic policy, particularly with regard to the United States and China. My job was simple because I am not a big fan of either nation’s policy. Government...
by Dan Mitchell | Mar 11, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
There’s a significant debate now taking place in Washington – largely behind closed doors, but sometimes covered by the media – on whether fiscal conservatives should maintain a rigid no-tax-increase position. One side of the debate features Grover Norquist of...
