by Dan Mitchell | Sep 17, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
Thomas Sowell just completed a three-part “Back to the Future” series, looking at a couple of fiscal policy issues. His unifying theme is how the political class fails (perhaps deliberately) to learn from mistakes. In Part I, he decimates President Obama’s new...
by Dan Mitchell | Sep 9, 2011 | Big Government, Blogs
Herman Cain probably had the best reaction to the President’s speech: “We waited 30 months for this?” My reaction yesterday was mixed. In some sense, I was almost embarrassed for the President. He demanded a speech to a joint session of Congress and then produced a...
by Dan Mitchell | Sep 7, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
President Obama will be unveiling another “jobs plan” tomorrow night, though Democrats are being careful not to call it stimulus after the failure of the $800 billion package from 2008. But just as a rose by any other name would smell as sweet, bigger government is...
by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
ust last week, I made fun of Paul Krugman after he publicly said that a fake threat from invading aliens would be good for the economy since the earth would waste a bunch of money on pointless defense outlays. Yesterday, there were rumors that Krugman stated that it...
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...
