by Dan Mitchell | Aug 21, 2013 | Big Government, Blogs, Government Spending
As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we actually knew what was going to happen over the next 12 months, we’d...
by Dan Mitchell | Aug 20, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
About two years ago, I shared a map put together by a pro-statism organization that supposedly showed that welfare benefits were very miserly and not sufficiently generous to lift people out of poverty. My gut instinct was to reject the findings. As I wrote at the...
by Dan Mitchell | Aug 15, 2013 | Blogs, Economics, Europe
The United States is suffering through the weakest economic expansion since the Great Depression, which is a damning indictment of Obamanomics. But that doesn’t mean the United States has the world’s worst-performing economy. Japan’s statist economy has been mired in...
by Dan Mitchell | Aug 9, 2013 | Big Government, Blogs, Welfare and Entitlements
I’ve already shared the statist version of the fairy tale about The Little Red Hen. And I’ve also shared the Obama version of the fable about The Ant and the Grasshopper. So how about the left-wing version of The Little Engine that Could. Or, in this case, couldn’t. I...
by Dan Mitchell | Jul 4, 2013 | Big Government, Blogs, Economics, Welfare and Entitlements
Political cartoonists like Michael Ramirez and Chuck Asay are effective because they convey so much with images. But we need more than clever cartoons if we’re going to educate the general population about how government harms the economy and undermines freedom. And...
