by Dan Mitchell | Sep 11, 2010 | Bailouts, Big Government, Blogs, Economics
Jonah Goldberg writes in National Review that President Obama is beginning to look like the next Herbert Hoover. This is rather ironic since the left wanted him to become the next Franklin Delano Roosevelt, ushering in a new era of politically-popular statism. …the...
by Dan Mitchell | Jul 18, 2010 | Big Government, Blogs
Walter Williams explains how Roosevelt’s policies extended the Great Depression. SInce Obama apparently would like to be the new FDR, this does not bode well for America’s future. The good news, so to speak, is that Obama’s policies are not nearly as bad as what...
by Dan Mitchell | Jul 11, 2010 | Big Government, Blogs, Taxation
Much of the economic debate in Washington revolves around the silly Keynesian notion that politicians can stimulate an economy by borrowing money from the private sector and using the funds to make government bigger. That didn’t work for Hoover and Roosevelt during...
by Dan Mitchell | Jul 5, 2010 | Blogs, Economic Growth, Economics
Ambrose Evans-Pritchard of the UK-based Telegraph has a very dismal outlook for the US economy. I’m more optimistic. While I think Obama’s policies will prevent America from enjoying a Reagan-type boom, I don’t think the current Administration is repeating all the...
