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Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden of government spending, thus enabling more growth by freeing up resources for the productive sector of the economy and creating leeway for […]

Continue reading Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden of government spending, thus enabling more growth by freeing up resources for the productive sector of the economy and creating leeway for […]

Continue reading Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

The Perplexing Durability of Keynesian Economics

Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a downturn, do politicians resuscitate the idea […]

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Secret Videotape of Obama Cabinet Meeting Unveiled!

The headline of this post might not be completely honest. Indeed, if you asked me to grade the accuracy of my title, I’ll admit right away that it falls into the “if you like your plan, you can keep your plan” category of mendacity. But I’m only prevaricating to set the stage for some satire […]

Continue reading Secret Videotape of Obama Cabinet Meeting Unveiled!

Secret Videotape of Obama Cabinet Meeting Unveiled!

The headline of this post might not be completely honest. Indeed, if you asked me to grade the accuracy of my title, I’ll admit right away that it falls into the “if you like your plan, you can keep your plan” category of mendacity. But I’m only prevaricating to set the stage for some satire […]

Continue reading Secret Videotape of Obama Cabinet Meeting Unveiled!

The mythical ‘Lost World of Liberalism’ has been found!

Inhabitants of the ‘Lost World of Liberalism’The location of the great progressive utopia, long hidden from the prying eyes of the rest of society, has been discovered and The Political Commentator will reveal it to the world now!It’s a place where soc…

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