by Dan Mitchell | Oct 7, 2010 | Big Government, Blogs, Economics
In a previous post, I commented on a Wall Street Journal column by former Senator Phil Gramm, calling attention to evidence that the economy is under-performing compared to what happened after previous recessions. This is an important issue, particularly when you...
by Dan Mitchell | Oct 6, 2010 | Big Government, Blogs, Economics, Government Spending
Keynesian economic theory is the social-science version of a perpetual motion machine. It assumes that you can increase your prosperity by taking money out of your left pocket and putting it in your right pocket. Not surprisingly, nations that adopt this approach do...
by Dan Mitchell | Oct 6, 2010 | Big Government, Blogs, Health Care
We’ve already identified kids and low-income workers as groups that are being hurt by the new scheme for government-run healthcare. Now we can add retirees to the list. Gee, I wonder what happened to that promise about being able to keep your existing health plan?...
by Dan Mitchell | Oct 4, 2010 | Big Government, Blogs, Economics, Government Spending
Former Senator Phil Gramm had a column last week in the Wall Street Journal that deserves two blog posts. This first post highlights Gramm’s analysis showing that the U.S. has been very Keynesian compared to Europe, with numerous efforts to jump start the economy with...
by Dan Mitchell | Oct 2, 2010 | Big Government, Blogs, Economics, Health Care
This blog already has noted that Obamacare crippled the market for “kids only” health insurance policies. Unsurprisingly, that is just the beginning of the bad news. The latest development is that health policies designed to provide insurance to low-income workers may...
