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More Keynesian Primitivism from the Congressional Budget Office

by Dan Mitchell | Aug 12, 2015 | Big Government, Blogs, Government Spending

I never watched That ’70s Show, but according to Wikipedia, the comedy program “addressed social issues of the 1970s.” Assuming that’s true, they need a sequel that addresses economic issues of the 1970s. And the star of the program could be the Congressional Budget...

Maintaining and Enforcing Spending Caps Is a Huge Test of GOP Credibility on Fiscal Policy

by Dan Mitchell | Aug 11, 2015 | Big Government, Blogs, Economics, Government Spending

Let’s celebrate some good news. When politicians can be convinced (or pressured) to exercise even a modest bit of spending restraint, it’s remarkably simple to get positive results. Here’s some of what I wrote earlier this year. …one of the few recent victories for...

Budget Myths and Facts for the 2016 Campaign

by Dan Mitchell | Aug 6, 2015 | Big Government, Blogs, Government Spending, Taxation

I have a very mixed view of the Committee for a Responsible Federal Budget, which is an organization representing self-styled deficit hawks in Washington. They do careful work and I always feel confident about citing their numbers. Yet I frequently get frustrated...
What Elementary Bit of Wisdom Is Shared by Donald Trump and Bono?

What Elementary Bit of Wisdom Is Shared by Donald Trump and Bono?

by Dan Mitchell | Aug 4, 2015 | Blogs, Taxation

If I asked you what Donald Trump and Bono have in common, the easy and accurate answer is that they both have lots of money. But if I asked you to identify a shared perspective by the two men, at first glance that would seem to be a much harder question. After all, it...
Greek Politicians Should Learn from Latvia

Greek Politicians Should Learn from Latvia

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...
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