by Dan Mitchell | Apr 9, 2024 | Blogs, Economics, Keynesian, Monetary Policy
To explain why the “war on cash” is misguided, I have a seven-part series (here, here, here, here, here, here, and here) explaining why it is dangerous to eliminate currency and rely solely on government-provided digital money. Using the...
by Dan Mitchell | Oct 11, 2023 | Big Government, Blogs, Taxation
Paul Krugman isn’t always wrong. A few years ago, for instance, he admitted the Laffer Curve is real. And he even once wrote something sensible about tax policy. But those are the exceptions. His usual routine is to pontificate in favor of bigger...
by Dan Mitchell | Apr 22, 2022 | Blogs, Economics
Since I just landed in London, it appropriate that today’s column will be based on an article in the U.K.-based Economist. A recent issue of the magazine included an article lauding the Internal Revenue Service. Why? What could the bureaucrats have done to...
by Dan Mitchell | Mar 22, 2022 | Big Government, Blogs, Economics, Government Spending, Keynesian
The “bad penny” of Keynesian economics (based on the “broken window fallacy“) has returned, as I discussed in an interview last week. While I’m not a fan of Keynesianism, I tried to give a fair description of the theory. I pointed out that supporters think...
by Dan Mitchell | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
