by Dan Mitchell | Mar 26, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian
It’s very hard to be optimistic about Japan. I’ve even referred to the country as a basket case. But my concern is not that the country has been mired in stagnation for the past 25 years. Instead, I’m much more worried about the future. The main problem is that Japan...
by Dan Mitchell | Feb 27, 2016 | Big Government, Blogs, Economics, Europe, Government Spending, Taxation
With both Hillary Clinton and Bernie Sanders agitating for higher taxes (and with more than a few Republicans also favoring more revenue because they don’t want to do any heavy lifting to restrain a growing burden of government), it’s time to examine the real-world...
by Dan Mitchell | Feb 6, 2016 | Big Government, Blogs, Economics, Government Spending
Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I...
by Dan Mitchell | Aug 2, 2015 | Big Government, Blogs, Economics, Government Spending
I wrote last month that the debt burden in Greece doesn’t preclude economic recovery. After all, both the United States and (especially) the United Kingdom had enormous debt burdens after World War II, yet those record levels of red ink didn’t prevent growth. Climbing...
by Dan Mitchell | Jul 17, 2015 | Big Government, Blogs, Economics, Europe, Government Spending
I suggested a couple of months ago that the economic turmoil in Greece and Venezuela is somewhat akin to a real-life version of Atlas Shrugged. And I’ve also used that analogy when writing about France and Detroit. But I’m probably not doing justice to Ayn Rand’s...
