by Dan Mitchell | Oct 3, 2012 | Blogs, Economics
There have been lots of studies showing that there’s no benefit to job training programs. People who sign up with these government schemes are not more likely to either get jobs or to earn more money. Heck, even the New York Times was forced to acknowledge that these...
by Dan Mitchell | Sep 8, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
If it wasn’t for the fact that so many people are suffering and being seduced into empty lives of government dependency (symbolized by Julia, the world’s most disappointing daughter), I might feel sorry for President Obama. He promised unemployment would never climb...
by Dan Mitchell | Aug 28, 2012 | Blogs, Economics
I’ve done a few comparisons of economic performance under Reagan and Obama, sometimes using the interactive data from the Minneapolis Federal Reserve Bank. And I’ve done a few TV interviews on the same subject. But something was very different in this interview...
by Dan Mitchell | Aug 3, 2012 | Blogs, Economic Growth, Economics, Keynesian
Can we finally all agree that Keynesian economics is a flop? The politicians in Washington flushed about $800 billion down the toilet and we got nothing in exchange except for anemic growth and lots of people out of work. Indeed, we’re getting to the point where the...
by Dan Mitchell | Jul 6, 2012 | Blogs, Economics, Keynesian
Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package. The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had...
