by Dan Mitchell | Dec 30, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
I’m tempted to feel a certain degree of sympathy for Paul Krugman. As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when...
by Dan Mitchell | Dec 29, 2014 | Big Government, Blogs, Economics, Government Spending
Many people fantasize about supermodels, but not me. I’m a bit of an oddball. In my fantasy world, I want to shrink the federal government back to the size envisioned by the Founding Fathers. I can’t stop myself from wistfully dreaming about the expanded freedom and...
by Dan Mitchell | Dec 28, 2014 | Big Government, Blogs, Bureaucracy, Government Spending, Welfare and Entitlements
We have some good news to share. A government has just announced that it is going to end the unfair practice of giving government bureaucrats pension benefits that are far greater than those available for workers in the economy’s productive sector. Can you guess which...
by Dan Mitchell | Dec 22, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
I wrote earlier this year about the “perplexing durability” of Keynesian economics. And I didn’t mince words. Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush...
by Dan Mitchell | Dec 21, 2014 | Big Government, Blogs, Government Spending, Taxation
I can’t help but wonder whether the song made famous by The Grinch Who Stole Christmas should be the theme song for the Internal Revenue Service. After all,that bureaucracy is “as cuddly as a cactus” and “as charming as an eel.” And it appears that having “the tender...
