by Dan Mitchell | May 20, 2012 | Big Government, Blogs, Economics, Government Waste, Keynesian
Most of my work on government stimulus focuses on economic theory and evidence. But every so often it’s a good idea to remind ourselves of the ridiculous ways that government wastes money. Here are some details from a boondoggle in West Virginia. Nobody told Hurricane...
by Dan Mitchell | May 1, 2012 | Big Government, Blogs, Economics, Keynesian
There’s an old saying that insanity is doing the same thing over and over again while expecting different results. This certainly is a good description of Keynesians, who relentlessly push more government spending as some sort of magic potion for the economy –...
by Dan Mitchell | Apr 25, 2012 | Blogs, Economics, Keynesian
President Obama imposed a big-spending faux stimulus program on the economy back in 2009, claiming that the government needed to squander about $800 billion to keep the unemployment rate from rising above 8 percent. How did that work out? One possible description is...
by Dan Mitchell | Apr 15, 2012 | Blogs, Economics, Free Market
Sweden has a very large and expensive welfare state, but it’s actually becoming a bit of a role model for economic reform. I’ve already commented on the country’s impressive school choice system and noted that the Swedes have partially privatized their Social Security...
by Dan Mitchell | Feb 18, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
Demonstrating that he’s probably not a fan of Mitchell’s Golden Rule, Paul Krugman recently asserted that fiscal austerity has failed in the United Kingdom. Citing Keynesian theory and weak economics numbers, he warned about “the austerity doctrine that has dominated...
