by Dan Mitchell | Jan 10, 2022 | Big Government, Blogs, Economics, Government Spending, Keynesian
At the risk of understatement, economists are not good forecasters. And they are especially incompetent when they make forecasts based on bad policy, such as when the Obama White House projected that his so-called stimulus would quickly...
by Dan Mitchell | Jan 1, 2022 | Big Government, Blogs, Government Spending, Taxation
It’s an annual tradition (2021, 2020, 2019, 2018, etc) to list a handful of things that I hope might happen in the upcoming year, as well as the things I fear may happen. Sadly, since I understand the economics of “public choice” (something...
by Dan Mitchell | Dec 31, 2021 | Big Government, Blogs, Education, Government Spending, Taxation
Per tradition (2020, 2019, 2018, etc), we highlight the best and worst developments of the year on December 31. The choices are based on whether a particular policy increases or decreases individual liberty, either in a big way or a symbolic way....
by Dan Mitchell | Dec 15, 2021 | Big Government, Blogs, Government Spending, Taxation
The fight over President Biden’s budget, the so-called Build Back Better plan, has revolved around very important issues. The adverse impact of expanding the welfare state, particularly the per-child handouts.The anti-growth...
by Dan Mitchell | Dec 6, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Regarding fiscal policy, almost everyone’s attention is focused on Biden’s growth-sapping plan to increase the burden of taxes and spending. People are right to be concerned. If the President’s plan is approved, the already-grim fiscal outlook for...
