by Dan Mitchell | Aug 22, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office (CBO) just released its new 10-year forecast. Unsurprisingly, it shows that Trump’s reckless spending policy is accelerating America’s descent to Greek-style fiscal profligacy. Most people are focusing on the estimates of additional red...
by Dan Mitchell | Aug 20, 2019 | Blogs, Economics, Keynesian
I was interviewed yesterday about the possibility of a recession and potential policy options. You can watch the full interview here and get my two cents about economic forecasting, as well as Keynesian monetary policy. In this segment, you can see that I’m also...
by Dan Mitchell | Aug 12, 2019 | Big Government, Blogs, Government Spending
Spending caps are the most effective way of fulfilling my Golden Rule for fiscal policy. And we have good evidence for this approach, as I explain in this FreedomWorks discussion. I also discuss tax competition in the interview, as well as other topics. You can watch...
by Dan Mitchell | Aug 8, 2019 | Blogs, Economics, Supply Side, Taxation
At the risk of over-simplifying, the difference between “supply-side economics” and “demand-side economics” is that the former is based on microeconomics (incentives, price theory) while the latter is based on macroeconomics (aggregate demand, Keynesianism). When...
by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation
In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
