by Dan Mitchell | Jun 15, 2011 | Bailouts, Big Government, Blogs, Government Spending
Ben Bernanke is definitely trying hard to overtake Arthur Burns and G. William Miller (those wonderful guys who helped give us the 1970s) as the worst Fed Chairman of the modern era. But unlike Burns and Miller, who “earned” their poor reputations with bad monetary...
by Dan Mitchell | Jun 15, 2011 | Big Government, Blogs, Government Spending, Taxation, VAT
The main political goal of the left is to seduce Republicans into supporting higher taxes. Bluntly stated, all of their fiscal policy goals require more tax revenue coming to Washington. The most important factor (from their perspective) is that they can’t make...
by Dan Mitchell | Jun 12, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
It doesn’t get much attention, but one of the most interesting economic experiments in American history occurred right after World War II. Despite warnings of Armageddon from Keynesian economists, government spending was slashed as the United States demobilized from...
by Dan Mitchell | Jun 12, 2011 | Big Government, Blogs, Economics, Government Spending, Health Care, Welfare and Entitlements
This new video from the Center for Freedom and Prosperity explains why Medicaid should be shifted to the states. As I note in the title of this post, it’s good federalism policy and good fiscal policy. But the video also explains that Medicaid reform is good health...
by Dan Mitchell | Jun 11, 2011 | Big Government, Blogs, Economics, Government Spending
Here’s another news appearance from my new youtube channel. I chat about the importance (or lack thereof) of a possible ratings downgrade for the United States government. You’ll see that I’m not overly impressed by Moody’s and the rest of the rating...
