by Dan Mitchell | Feb 3, 2016 | Big Government, Blogs, Government Spending, Welfare and Entitlements
If pessimism was an Olympic event, I used to think I might be favored to win a medal. After all, growing levels of dependency outside of Washington and rampant corruption inside of Washington sometimes lead me to conclude that America is doomed to a Greek fiscal...
by Dan Mitchell | Jan 28, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian
If everyone has a cross to bear in life, mine is the perplexing durability of Keynesian economics. I thought the idea was dead when Keynesians incorrectly said you couldn’t have simultaneously rising inflation and unemployment like we saw in the 1970s. Then I thought...
by Dan Mitchell | Jan 27, 2016 | Big Government, Blogs, Government Spending
The Congressional Budget Office has just released its new 10-year fiscal forecast and the numbers are getting worse. Most people are focusing on the fact that the deficit is rising rather than falling and that annual government borrowing will again climb above $1...
by Dan Mitchell | Jan 21, 2016 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
This isn’t intentional, but there’s been a European theme to this week’s posts. I wrote yesterday about economic chaos in France, and the previous day I wrote about the grim consequences of Italian statism. Today, we’re going to look at Greece. In the past, I’ve...
by Dan Mitchell | Jan 20, 2016 | Big Government, Blogs, Government Spending
When I wrote back in 2012 that France was committing fiscal suicide, I should have guessed that President Hollande would get impatient and push for even more statism. Sure enough, the BBC reports that France’s President has a new plan. The ostensible goal is to reduce...
