by Dan Mitchell | Feb 24, 2025 | Big Government, Blogs, Government Spending
In 2016, I criticized the International Monetary Fund for that bureaucracy’s accurate but hypocritical attack on Trump’s protectionism. The IMF constantly endorses higher taxes on wages, saving, investment, and other forms of productive...
by Dan Mitchell | Mar 29, 2023 | Big Government, Blogs, Economics, Government Spending
While speaking last week at the Acton Institute in Michigan, I responded to a question about the perpetual motion machine of Keynesian economics. For purposes of today’s column, let’s try to understand the Keynesian viewpoint. First and foremost, they think spending...
by Dan Mitchell | Oct 1, 2022 | Blogs, Monetary Policy
Today’s column is about inflation and I want to start by recycling this clip from an interview back in April. The main message is that the Federal Reserve deserves the blame for inflation. America’s central bank created dramatically expanded...
by Dan Mitchell | Apr 11, 2022 | Big Government, Blogs
Keynesian economics is based on the misguided notion that consumption drives the economy. In reality, high levels of consumption should be viewed an indicator of a strong economy. The real drivers of economic strength are private investment and private...
by Dan Mitchell | Jun 27, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
The private sector reacted quickly (when allowed by sluggish and inefficient government) to the coronavirus pandemic. We quickly got everything from vaccines to personal protective equipment. That’s the good news. The bad news is that politicians also reacted quickly....
