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....
by Dan Mitchell | Jul 6, 2012 | Blogs, Economics, Keynesian
Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package. The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had...
by Dan Mitchell | Jun 13, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
It seems that any argument about the economy eventually boils down to the core issue of whether government spending acts as a stimulus or whether it is – in the words of Thomas Sowell – a sedative that undermines prosperity. So when Robert Reich and I went on Erin...
by Dan Mitchell | Jun 6, 2012 | Blogs, Economics, Keynesian
Writing in yesterday’s Washington Post, former Obama economist Larry Summers put forth the strange hypothesis that more red ink would improve the federal government’s long-run fiscal position. This sounds like an excuse for more Keynesian spending as part of another...
by Dan Mitchell | Jun 1, 2012 | Big Government, Blogs, Economic Growth
The Labor Department just released its monthly employment report and the White House is probably not happy. There are several key bits of data in the report, such as the unemployment rate, net job creation, and employment-population ratio. At best, the results are...
