by Dan Mitchell | Mar 5, 2022 | Blogs, Economics, Trade
In Part I of this series, I pointed out that Biden’s plethora of proposed handouts and subsidies would lead to higher prices and more inefficiency. And in Part II, I explained that his discussion of inflation was embarrassingly inaccurate. In today’s column, we’re...
by Dan Mitchell | Mar 4, 2022 | Big Government, Blogs
Yesterday’s column explained that Biden’s proposals to expand the welfare state were bad news, in part because government subsidies often lead to inefficiency and higher prices. That’s not a smart strategy when inflation already is at...
by Dan Mitchell | Mar 3, 2022 | Big Government, Blogs, Economics, Welfare and Entitlements
Joe Biden’s economic policy has been a disaster. He’s bad on the issues where Trump was bad (spending and trade).He’s bad on the issues where Trump was good (most notably, taxes).And he’s bad on the issues where Trump had...
by Dan Mitchell | Jan 21, 2022 | Big Government, Blogs
Other than just-for-the-fun-of-it election predictions, I generally stick to economic analysis rather than politics. But I acted as a pundit in this interview about Joe Biden’s waning popularity (in my defense, I also used the opportunity to slip is some...
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...
