by Dan Mitchell | Mar 9, 2014 | Big Government, Blogs, Economics, Government Spending
It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right...
by Dan Mitchell | Feb 1, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement...
by Dan Mitchell | Oct 30, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector. With that type of model, you...
by Dan Mitchell | Aug 18, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently argued that a fake threat from space aliens would be good for the economy because the people of earth would waste a bunch of money building unnecessary defenses. That was a bit loopy, as I noted a few days ago, but other Keynesians also have been...
by Dan Mitchell | Jul 30, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
While driving home last night, I had the miserable experience of listening to a financial journalist being interviewed about the anemic growth numbers that were just released. I wasn’t unhappy because the interview was biased to the left. From what I could tell, both...
