by Brian Garst | Oct 5, 2014 | Blogs, Economics, Minimum Wage
The great Krugtron the Invincible argues the minimum wage can be increased without much consequence. He says there’s “hardly any cost to raising it,” and that “we can raise these wages without losing lots of jobs.” Notice the weasel...
by Dan Mitchell | Jul 26, 2014 | Blogs, Economics, Taxation
I’ve had some fun over the years by pointing out that Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. So I shouldn’t be surprised that he wants to catch me making an error. But...
by Dan Mitchell | May 2, 2013 | Blogs, Economics, Keynesian
President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work. Japan has spent the past 20-plus years imposing one...
by Dan Mitchell | Aug 25, 2012 | Big Government, Blogs, Economics, Welfare and Entitlements
It’s not often that I read something by Paul Krugman and think, “Good point, I hope he’s correct.” After all, I had to correct Krugman’s inaccurate analysis of Estonia, and also point out the errors in what he wrote about the United Kingdom. And I also noted mistakes...
by Dan Mitchell | Jul 17, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
I’ve run across very few good cartoons about Keynesian economics. If my aging memory is correct, I’ve only posted two of them. But at least they’re both very good. We have one involving Obama, sharks, and a lifeboat, and another one involving an overburdened jockey....
