by Dan Mitchell | Aug 27, 2024 | Blogs, Economics
I periodically write wonky columns explaining that gross domestic income (GDI) is a better measure than gross domestic product (GDP) because it is more useful to focus on how income is earned rather than how it is allocated. There’s not a...
by Dan Mitchell | Jul 28, 2024 | Big Government, Blogs
He’s only been in office since late last year, but President Javier Milei of Argentina is doing an amazing job, dramatically reducing inflation in a very short time. And he’s also significantly reduced the burden of government spending, leading to...
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 | Apr 11, 2022 | Big Government, Blogs
Keynesian economics is based on the misguided notion that consumption drives the economy. In reality, high levels of consumption should be viewed an indicator of a strong economy. The real drivers of economic strength are private investment and private...
by Dan Mitchell | Mar 17, 2022 | Big Government, Blogs, Economics, Free Market, Government Spending
I’ve written about President Warren Harding’s under-appreciated economic policies. He restored economic prosperity in the 1920s by slashing tax rates and reducing the burden of government spending. I’ve also written many...
