by Dan Mitchell | Mar 22, 2022 | Big Government, Blogs, Economics, Government Spending, Keynesian
The “bad penny” of Keynesian economics (based on the “broken window fallacy“) has returned, as I discussed in an interview last week. While I’m not a fan of Keynesianism, I tried to give a fair description of the theory. I pointed out that supporters think...
by Dan Mitchell | Sep 2, 2020 | Blogs, Uncategorized
Back in July, I asked “Why are there so many bad and corrupt people in government?” and suggested two possible explanations. Shallow, insecure, and power-hungry people are drawn to politics because they want to control the lives of others. Good people run for...
by Dan Mitchell | Aug 12, 2011 | Big Government, Blogs, Government Spending, Taxation
Wow. Not even a pretense of caring about fiscal responsibility. Keep the status quo, even if it means America is doomed to suffer a Greek-style budget meltdown. Those were my thoughts when I heard that Harry Reid appointed Senators Kerry, Murray, and Baucus to the...
by Dan Mitchell | Jul 24, 2010 | Blogs, Minimum Wage
Anybody with an IQ above room temperature understands that companies only hire workers when they expect to generate net revenue (i.e., the total receipts associated with a new worker are expected to be higher than the total costs). That’s why it was so reprehensible...
