by Dan Mitchell | Jun 28, 2010 | Big Government, Blogs, Economic Growth, Taxation
In his Washington Post column discussing a crisis of confidence among economists, Robert Samuelson correctly notes that Keynesians don’t seem to have the right answers. But he concludes that other schools of thought are similarly befuddled by current...
by Dan Mitchell | Jun 25, 2010 | Big Government, Blogs, Taxation
Barack Obama and Angela Merkel are the two main characters in what is being portrayed as a fight between American “stimulus” and European “austerity” at the G-20 summit meeting in Canada. My immediate instinct is to cheer for the Europeans. After all, “austerity”...
by Dan Mitchell | Jun 10, 2010 | Blogs, Economic Growth, Free Market, Taxation
Every so often, perhaps inadvertently, a collectivist says something very smart. In the case of Lula da Silva, Brazil’s socialist president, he made the common-sense observation that you can’t redistribute without first producing. He didn’t quite realize what he was...
by Dan Mitchell | May 31, 2010 | Big Government, Blogs, Economic Growth, Government Spending
You don’t need to watch old Gunsmoke episodes if you want to travel into the past. Just read the latest Congressional Budget Office “research” claiming that Obama’s so-called stimulus “increased the number of full-time-equivalent jobs by 1.8 million to 4.1 million.”...
by Dan Mitchell | Apr 5, 2010 | Big Government, Blogs, Economic Growth, Free Market
Tom Palmer of the Altas Network has a very concise – yet quite devastating – video exposing the Keynesian fallacy that the destruction of wealth by calamaties such as earthquakes or terrorism is good for economic growth. Tom cites the work of Bastiat, who...
