by Dan Mitchell | May 4, 2021 | Big Government, Blogs
There are all sorts of long-running battles in the economics profession, perhaps most notably the never-ending dispute about Keynesian economics. Another contentious issues is the degree to which society should accept less growth in order to achieve...
by Dan Mitchell | Jan 15, 2021 | Big Government, Blogs, Tax Competition, Taxation
Early last decade, when writing about Spain’s fiscal crisis, I pointed out that the country got in trouble for the same reason Greece got in trouble. Simply stated, government spending grew faster than the private economy. And when nations...
by Dan Mitchell | Jan 8, 2020 | Big Government, Blogs
Last month’s election in the United Kingdom attracted considerable attention, not only because it would decide Brexit, but also because of the potential risk of a hard-left Labour government in the world’s 5th-largest economy. The British dodged that bullet but the...
by Dan Mitchell | Oct 7, 2019 | Big Government, Blogs
I get quite agitated when the folks in Washington make dumb choices that waste money and hinder prosperity. That being said, I take comfort in the fact that governments in other nations also do stupid things. I guess this is the policy version of “misery loves...
by Dan Mitchell | Aug 8, 2019 | Blogs, Economics, Supply Side, Taxation
At the risk of over-simplifying, the difference between “supply-side economics” and “demand-side economics” is that the former is based on microeconomics (incentives, price theory) while the latter is based on macroeconomics (aggregate demand, Keynesianism). When...
