by Dan Mitchell | May 26, 2014 | Blogs, Economics
Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a...
by Dan Mitchell | Mar 15, 2014 | Big Government, Blogs, Economics
The headline of this post might not be completely honest. Indeed, if you asked me to grade the accuracy of my title, I’ll admit right away that it falls into the “if you like your plan, you can keep your plan” category of mendacity. But I’m only prevaricating to set...
by Dan Mitchell | Mar 9, 2014 | Big Government, Blogs, Economics, Government Spending
It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right...
by Dan Mitchell | Feb 24, 2014 | Big Government, Blogs, Economics, Government Spending
There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by reducing the burden of government spending. Simply...
by Dan Mitchell | Feb 21, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian
Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This experiment in Keynesian economics was controversial when it was...
