by Dan Mitchell | Dec 31, 2014 | Big Government, Blogs, Economics, Government Spending, Health Care, Tax Competition, Taxation
Exactly one year ago, we looked at the best and worst policy developments of 2013. Now it’s time for a look back at 2014 to see what’s worth celebrating and what are reasons for despair. Here’s the good news for 2014. 1. Gridlock – I’ve been arguing for nearly...
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...
