by Dan Mitchell | Jul 3, 2017 | Blogs, Economics
Keynesian economics is fundamentally misguided because it focuses on how to encourage more spending when the real goal should be to figure out policies that result in more income. This is one of the reasons I wish people focused more on “gross domestic income,” which...
by Dan Mitchell | Nov 26, 2016 | Big Government, Blogs, Economics
Earlier this year, I criticized the Organization for Economic Cooperation and Development for endorsing an orgy of Keynesian spending. Did my criticism have an effect? Well, the bureaucrats in Paris just issued a new report that bluntly suggests a reorientation of...
by Dan Mitchell | Oct 16, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian
Since it’s very likely that Hillary Clinton will be our next President, I’m mentally preparing myself for upcoming fights over her agenda of bigger government and class warfare. But the silver lining to this dark cloud is that I don’t think I’ll be distracted by also...
by Dan Mitchell | Aug 16, 2016 | Big Government, Blogs, Economics, Government Spending
Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again? Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, we get politicians pursuing the...
by Dan Mitchell | Jun 21, 2016 | Big Government, Blogs, Economics, Government Spending
Japan is the poster child for Keynesian economics. Ever since a bubble popped about 25 years ago, Japanese politician have adopted one so-called stimulus scheme after another. Lots of additional government spending. Plenty of gimmicky tax cuts. All of which were...
