by Dan Mitchell | Nov 13, 2010 | Big Government, Blogs, Economics, Government Spending, Government Waste
When politicians and bureaucrats spend our money, they rarely demonstrate any concern about waste and fraud. Why be conscientious, after all, if you’re spending other people’s money – especially if your real goal is to buy votes and get campaign contributions by...
by Dan Mitchell | Oct 18, 2010 | Big Government, Blogs, Government Spending, Taxation
I’m finally back in Washington after a week in Australia for the Mont Pelerin Society general meeting. Aussies are great people, but their government is just as misguided as the one we’re burdened with here in America. A friend took this pic of me on a visit to Manly...
by Dan Mitchell | Oct 8, 2010 | Big Government, Blogs, Economics
The new unemployment data has been released and it’s not a pretty picture. Literally and figuratively. This image is all we need to know about the success of President Obama’s big-government policies. The lower line is from a White House report in early 2009 and it...
by Dan Mitchell | Oct 6, 2010 | Big Government, Blogs, Economics, Government Spending
Keynesian economic theory is the social-science version of a perpetual motion machine. It assumes that you can increase your prosperity by taking money out of your left pocket and putting it in your right pocket. Not surprisingly, nations that adopt this approach do...
by Dan Mitchell | Oct 4, 2010 | Big Government, Blogs, Economics, Government Spending
Former Senator Phil Gramm had a column last week in the Wall Street Journal that deserves two blog posts. This first post highlights Gramm’s analysis showing that the U.S. has been very Keynesian compared to Europe, with numerous efforts to jump start the economy with...
