by Dan Mitchell | May 8, 2012 | Big Government, Blogs, Economics, Europe, Government Spending, Keynesian
With both France and Greece deciding to jump out of the left-wing frying pan into the even-more-left-wing fire, European fiscal policy has become quite a controversial topic. But I find this debate and discussion rather tedious and unrewarding, largely because it pits...
by Dan Mitchell | May 1, 2012 | Big Government, Blogs, Economics, Keynesian
There’s an old saying that insanity is doing the same thing over and over again while expecting different results. This certainly is a good description of Keynesians, who relentlessly push more government spending as some sort of magic potion for the economy –...
by Dan Mitchell | Apr 25, 2012 | Blogs, Economics, Keynesian
President Obama imposed a big-spending faux stimulus program on the economy back in 2009, claiming that the government needed to squander about $800 billion to keep the unemployment rate from rising above 8 percent. How did that work out? One possible description is...
by Dan Mitchell | Feb 18, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
Demonstrating that he’s probably not a fan of Mitchell’s Golden Rule, Paul Krugman recently asserted that fiscal austerity has failed in the United Kingdom. Citing Keynesian theory and weak economics numbers, he warned about “the austerity doctrine that has dominated...
by Dan Mitchell | Feb 6, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
People often ask why I put so much political humor on this site. The easy answer is that I like a good joke. But I also find that some cartoons and jokes do a very good job of helping people understand economics. I’ve always liked this cartoon, for instance, because...
