by Dan Mitchell | Nov 2, 2013 | Big Government, Blogs, Economics, Welfare and Entitlements
I’m currently in the Faroe Islands, a relatively unknown and semi-autonomous part of Denmark located in the North Atlantic. Sort of like Greenland, but too small to appear on most maps. I’m in this chilly archipelago for a speech to the annual meeting of the Faroese...
by Dan Mitchell | Nov 1, 2013 | Big Government, Blogs, Economics
At the beginning of the year, I was asked whether Europe’s fiscal crisis was over. Showing deep thought and characteristic maturity, my response was “HAHAHAHAHAHAHAHAHA, are you ;@($&^#’% kidding me?” But I then shared specific reasons for pessimism, including the...
by Dan Mitchell | Oct 30, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector. With that type of model, you...
by Dan Mitchell | Oct 29, 2013 | Big Government, Blogs, Economics, Government Spending, Taxation
The Washington metropolitan area has become America’s wealthiest region because trillions of dollars are taken every year from the productive sector of the economy and then divvied up by the politicians, bureaucrats, lobbyists and interest groups that benefit from...
by Dan Mitchell | Oct 24, 2013 | Big Government, Blogs, Economics, Government Spending
Okay, I’ll admit the title of this post is an exaggeration. How to fix the mess at the IRS is a fiscal policy question, and that requires tax reform rather than spending restraint. But allow me a bit of literary license. We just had a big debt limit battle in...
