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Greece, Marxism, and Paul Krugman

by Dan Mitchell | Mar 21, 2015 | Big Government, Blogs, Economics, Government Spending

I don’t know which group is more despicable, Greek politicians or the voters who elected them. In both cases, they think they’re entitled to other people’s money. But since the “other people” in this case happen to live in nations such as Germany and Finland, and...
Another “Oops” Moment for Paul Krugman

Another “Oops” Moment for Paul Krugman

by Dan Mitchell | Dec 30, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian

I’m tempted to feel a certain degree of sympathy for Paul Krugman. As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when...

Pro-Keynesian Journalist Accidentally Shows that Smaller Government Is Good for Economic Growth

by Dan Mitchell | Dec 14, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian

I don’t know if this is a good personality trait or a character flaw, but it always brings a big smile to my face when a leftist tries to argue for bigger government but inadvertently makes an argument in favor of smaller government. Sort of like scoring a goal...

Yet another Example of the Failure of Keynesian Economics

by Dan Mitchell | Feb 1, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian

Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement...

The IMF Is the Doctor Kevorkian of Global Economic Policy

by Dan Mitchell | May 23, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian

I don’t like giving international bureaucrats tax-free salaries. And it really galls me when they use their privileged positions to promote statism. So you can understand why I’m not a big fan of the International Monetary Fund. Whether we’re talking more spending,...
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