by Dan Mitchell | May 14, 2013 | Big Government, Blogs, Economics, Europe, Government Spending, Keynesian
Are there any fact checkers at the New York Times? Since they’ve allowed some glaring mistakes by Paul Krugman (see here and here), I guess the answer is no. But some mistakes are worse than others. Consider a recent column by David Stuckler of Oxford and Sanjay Basu...
by Dan Mitchell | May 11, 2013 | Blogs, Economics, Europe, Keynesian
Political insiders remember Tim Geithner for his role in promoting the bailout culture and crony capitalism in Washington. Comedians remember him for the laughable hypocrisy of urging higher taxes for others while cheating on his own tax return. But I mostly think of...
by Dan Mitchell | May 5, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Paul Krugman recently tried to declare victory for Keynesian economics over so-called austerity, but all he really accomplished was to show that tax-financed government spending is bad for prosperity. More specifically, he presented a decent case against the...
by Dan Mitchell | May 2, 2013 | Blogs, Economics, Keynesian
President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work. Japan has spent the past 20-plus years imposing one...
by Dan Mitchell | Apr 10, 2013 | Blogs, Economics, Keynesian
When the monthly job numbers are released, most people focus on the unemployment rate. On many occasions, I’ve cited that number, usually to point out that the unemployment rate is far higher than the Obama Administration promised it would be if the so-called stimulus...
