by Dan Mitchell | Dec 14, 2011 | Big Government, Blogs, Government Spending
I’m not a big fan of Senator Schumer of New York. As I’ve noted before, he’s a doctrinaire statist who wants the government to have control over just about every aspect of our lives. But that describes a lot of people in Washington. I guess what also bothers me is his...
by Dan Mitchell | Dec 11, 2011 | Blogs, Taxation
Since the Clinton Administration turned out to be much more market-oriented than either his GOP predecessor or successor, this isn’t quite a man-bites-dog story. Nonetheless, it is still noteworthy that Elaine Kamarck, a high-level official from the Clinton White...
by Dan Mitchell | Dec 11, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop...
by Dan Mitchell | Dec 9, 2011 | Blogs, Economics, Keynesian
Much of the “stimulus” debate has revolved around macroeconomic issues. Obama squandered about $800 billion, supposedly to “jolt” the economy, but growth has been anemic and the employment situation has been miserable. But it’s equally instructive to look at the...
by Dan Mitchell | Dec 9, 2011 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
By European standards, Germany is in pretty good shape. There’s a very large welfare state and the tax burden is quite onerous, both of which hinder growth, but Germany has been more responsible than the United States in recent years. And while this may be damning...
