by Dan Mitchell | Mar 29, 2023 | Big Government, Blogs, Economics, Government Spending
While speaking last week at the Acton Institute in Michigan, I responded to a question about the perpetual motion machine of Keynesian economics. For purposes of today’s column, let’s try to understand the Keynesian viewpoint. First and foremost, they think spending...
by Dan Mitchell | Aug 27, 2020 | Blogs, Economics
It’s not often (actually, only once) that I share a video lasting nearly two hours. But this video – revolving around the intellectual rivalry between pro-market Hayek and pro-intervention Keynes – is an excellent summary of 20th-century economic policy. We learn...
by Dan Mitchell | Apr 18, 2015 | Big Government, Blogs, Economics, Government Spending
I don’t know whether to be impressed or horrified by Paul Krugman. I’m impressed that he’s always “on message.” No matter what’s happening in America or around the world, he always has some sort of story about why events show the need for bigger government. But I’m...
by Dan Mitchell | Dec 22, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
I wrote earlier this year about the “perplexing durability” of Keynesian economics. And I didn’t mince words. Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush...
by Dan Mitchell | May 26, 2014 | Blogs, Economics
Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a...
