by Dan Mitchell | Mar 28, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
According to data on jobs and growth, President Obama’s so-called stimulus was a failure. But at least politicians and bureaucrats were able to concoct new and clever ways to waste money. Including research grants to interview people about their sexual...
by Dan Mitchell | Mar 23, 2021 | Big Government, Blogs
I’ve been warning that the United States should not copy Europe’s fiscal policy, largely because living standards are significantly lower in nations with large welfare states. That’s true if you look at average levels of consumption in...
by Dan Mitchell | Mar 9, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
We have decades of real-world experience with Keynesian economics. The results are not pretty. It didn’t work for Hoover.It didn’t work for Roosevelt.It didn’t work for Japan.It didn’t work for Europe.It didn’t...
by Dan Mitchell | Mar 6, 2021 | Big Government, Blogs, Government Spending, Taxation
Two days ago, the Congressional Budget Office released its latest long-run fiscal forecast. The report focuses – incorrectly – on the growth of red ink. And most of the people who have written about the report also have focused – incorrectly –...
by Dan Mitchell | Feb 24, 2021 | Big Government, Blogs, Economics, Government Spending
While it’s true that every penny in the budget requires money to be diverted from the economy’s productive sector, not all government spending is created equal when considering the impact on growth. Some types of spending, such as redistribution...
