by Dan Mitchell | Jun 11, 2013 | Big Government, Blogs, Economics, Europe, Government Spending, Keynesian, Taxation
It is reported that Henry Kissinger, commenting on the Iran-Iraq war, said something to the effect that, “Too bad both sides can’t lose.” I imagine lots of people felt the same way when two of the world’s worst murderers, Hitler and Stalin, went to war in 1941. I have...
by Dan Mitchell | Jun 1, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian, Taxation
I want a smaller burden of government spending, so you can only imagine how frustrating it is for me to observe the fight in Europe. On one side of the debate you have pro-spenders, who call themselves “growth” advocates, but are really just Keynesians. On the other...
by Dan Mitchell | May 11, 2013 | Blogs, Economics, Europe, Keynesian
Political insiders remember Tim Geithner for his role in promoting the bailout culture and crony capitalism in Washington. Comedians remember him for the laughable hypocrisy of urging higher taxes for others while cheating on his own tax return. But I mostly think of...
by Dan Mitchell | May 7, 2013 | Big Government, Blogs, Europe, Government Spending, Taxation, VAT
The most important, powerful, and relevant argument against the value-added tax in the short run is that we can balance the budget in just five years by capping spending so it grows at the rate of inflation, a very modest level of fiscal restraint. The most important,...
by Dan Mitchell | May 5, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently tried to declare victory for Keynesian economics over so-called austerity, but all he really accomplished was to show that tax-financed government spending is bad for prosperity. More specifically, he presented a decent case against the...
