by Dan Mitchell | Sep 15, 2010 | Big Government, Blogs, Economic Growth, Government Spending, Taxation
Alberto Alesina of Harvard’s economics department summarizes some of his research in a column for today’s Wall Street Journal. He and a colleague looked at fiscal policy changes in developed nations and found very strong evidence that spending reductions boost growth....
by Dan Mitchell | Sep 13, 2010 | Big Government, Blogs, Government Spending
Dana Milbank of the Washington Post wrote this weekend that critics of Keynesianism are somewhat akin to those who believe the earth is flat. He specifically cites the presumably malignant influence of the Cato Institute. Keynes was right, and in this case it’s...
by Dan Mitchell | Sep 12, 2010 | Big Government, Blogs
Like other forms of so-called stimulus spending, the money devoted to supposed ”green” energy programs has been a net drain on the economy. This is hardly a surprise, particular since the much-trumpeted Spanish experiment turned out to be a flop, destroying two jobs...
by Dan Mitchell | Sep 7, 2010 | Big Government, Blogs
This New York Post chart shows that the already-bloated federal workforce has expanded since the downturn began. And since compensation for federal bureaucrats is twice the average for other workers, it certainly seems like Obama is playing a perverse game of class...
by Dan Mitchell | Sep 6, 2010 | Big Government, Blogs, Government Spending, Taxation
Like a terrible remake of Groundhog Day, the White House has unveiled yet another so-called stimulus scheme. Actually, they have two new proposals to buy votes with our money. One plan is focused on more infrastructure spending, as reported by Politico. Seeking to...
