by Dan Mitchell | Feb 2, 2013 | Blogs, Economics
I almost feel sorry for the Obama Administration’s spin doctors. Every month, they probably wait for the unemployment numbers from the Bureau of Labor Statistics with the same level of excitement that people on death row wait for their execution date. This has been...
by Dan Mitchell | Jan 17, 2013 | Blogs, Economics
Economists may not agree on much, but we all agree that economic output is a function of capital and labor. Ask a Keynesian, a Marxist, an Austrian, a monetarist, or any economist, and they’ll all agree that living standards are determined by the quality and quantity...
by Dan Mitchell | Nov 29, 2012 | Blogs, Economics
It’s not something I should admit since I work at a think tank, which is based on the idea that substantive analysis can impact public policy, but I sometimes think humor and anecdotes are very effective in helping people understand issues. On the topic of...
by Dan Mitchell | Nov 2, 2012 | Blogs, Economic Growth, Economics
In some sense, the President is fortunate. I predicted a long time ago that he would win re-election if the unemployment rate was under 8 percent. Well, the new numbers just came out and the joblessness rate is 7.9 percent. So even though his stimulus failed, and even...
by Dan Mitchell | Oct 14, 2012 | Blogs, Economic Growth
That’s a clunky title for this post, but I couldn’t think of any other way of expressing the potential political impact of a very muddled employment situation. Let’s start with the obvious. The White House is very happy about the recent numbers showing that the...
