by Dan Mitchell | Jun 22, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
Even though he’s become rather partisan in recent years, I still enjoy an occasional visit to Andrew Sullivan’s blog. But I was rather amused last night when I read one of his posts, in which he was discussing whether government spending helps or hurts economic...
by Dan Mitchell | Jun 15, 2011 | Bailouts, Big Government, Blogs, Government Spending
Ben Bernanke is definitely trying hard to overtake Arthur Burns and G. William Miller (those wonderful guys who helped give us the 1970s) as the worst Fed Chairman of the modern era. But unlike Burns and Miller, who “earned” their poor reputations with bad monetary...
by Dan Mitchell | Jun 14, 2011 | Blogs, Economics, Taxation
Larry Summers served as Chairman of the National Economic Council for Barack Obama, so it is rather remarkable that he is admitting that the economy is in deep trouble and that America may be on the verge of long-term, Japanese-style stagnation. Here’s part of what he...
by Dan Mitchell | Jun 3, 2011 | Big Government, Blogs, Economic Growth, Economics, Government Spending, Keynesian
Based on this morning’s numbers, I’ve updated my chart showing what the Obama Administration said would happen with the so-called stimulus compared to what actually has happened. As you can see, the unemployment rate is about 2.5 percentage points higher than the...
by Kevin Hilferty | May 27, 2011 | Big Government, Blogs, Economic Growth, Economics, Government Spending, Keynesian
It would not surprise most Americans to hear that unemployment rates are still lingering lower than pre-recession levels. As Dennis Cauchon wrote last week in USA Today: The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in...
