Comments on: Mitchell’s Golden Rule

By: tom the trolleyed train driver

tom the trolleyed train driver — Fri, 17 May 2013 00:56:44 +0000

After applying Bernanke logic (the tail wagging the dog):

If we grow government business will grow even more.

By: Tax and Expenditure Limits: The Challenge of Turning Mitchell’s Golden Rule from Theory into Reality | International Liberty

Mon, 13 May 2013 14:41:30 +0000

[…] very easy for me to bluster about “all that’s required” to satisfy this Golden Rule. It’s much harder to convince politicians to be frugal. Yes, it happened during the Reagan […]

By: The Jamaicanisation of the Eurozone | Right From Yaad

The Jamaicanisation of the Eurozone | Right From Yaad — Fri, 10 May 2013 22:03:00 +0000

[…] words, the government growth rate has been faster than that of the private sector, going counter to Mitchell’s Golden Rule. The fundamental flaw in this model is the fatal conceit of politicians who believe that they can […]

By: Question of the Week: Are there any Lessons to Be Learned from the Rogoff-Reinhart Kerfuffle? | International Liberty

Sat, 27 Apr 2013 16:45:38 +0000

[...] wise fiscal policy, needless to say, is to follow Mitchell’s Golden Rule. If the burden of government spending grows slower than the private economy, any nation can climb [...]

By: Debunking Krugman’s European Austerity Narrative | International Liberty

Fri, 05 Apr 2013 21:28:23 +0000

[...] The moral of the story, needless to say, is that good things happen when governments comply with Mitchell’s Golden Rule. [...]

By: President Obama will not cut spending ever it appears | The Daily Hatch

President Obama will not cut spending ever it appears | The Daily Hatch — Fri, 05 Apr 2013 15:00:00 +0000

[...] since Mitchell’s Golden Rule is based on the very modest goal of having government grow slower than the private sector, it’s [...]

By: Question of the Week: What’s the Right Point on the Laffer Curve? | International Liberty

Sun, 31 Mar 2013 19:04:08 +0000

[...] If a nation obeys Mitchell’s Golden Rule for a long enough period of time, government spending as a share of GDP asymptotically will [...]

By: Cartoons about Obama’s postponing reforms until fiscal crisis | The Daily Hatch

Mon, 25 Mar 2013 13:41:12 +0000

[...] But the serious point to this post is that we will face a fiscal crisis at some point if government isn’t put on a diet. [...]

By: Even Cartoonists Understand that You Shouldn’t Postpone Reforms Until the Fiscal Crisis Has Started | International Liberty

Sun, 24 Mar 2013 15:56:59 +0000

[...] But the serious point to this post is that we will face a fiscal crisis at some point if government isn’t put on a diet. [...]

By: Why There is Wealth Inequality | alazycowboy.com

Why There is Wealth Inequality | alazycowboy.com — Tue, 19 Mar 2013 12:26:38 +0000

[...] is the chart I created a couple months ago to show that relationship. For those unfamiliar with Mitchell’s Golden Rule, “the private sector should grow faster than the government”. I still prefer the stronger form [...]

By: Controlling spending is the way to a balanced budget (includes editorial cartoons) | The Daily Hatch

Thu, 14 Mar 2013 14:26:41 +0000

[...] wrote about the Ryan budget two days ago, praising it for complying with Mitchell’s Golden Rule and reforming Medicare and [...]

By: Senator Patty Murray Is Right…and Completely Wrong…about the 1990s | International Liberty

Thu, 14 Mar 2013 13:16:40 +0000

[...] wrote about the Ryan budget two days ago, praising it for complying with Mitchell’s Golden Rule and reforming Medicare and [...]

By: Everything You Need to Know about the Ryan Budget | International Liberty

Everything You Need to Know about the Ryan Budget | International Liberty — Tue, 12 Mar 2013 15:24:06 +0000

[...] That’s all fine and well, but good fiscal policy is achieved by reducing the burden of government spending, and that means that restraining the budget so that federal outlays grow slower than the private sector. [...]

By: Virginia’s RINO Infestation Results in Higher Taxes and More Spending | International Liberty

Mon, 25 Feb 2013 21:04:55 +0000

[...] simple way to achieve this goal is to adhere to Mitchell’s Golden Rule and and make sure the private sector grows faster than the public [...]

By: Open letter to President Obama (Part 248) | HaltingArkansasLiberalswithTruth

Mon, 25 Feb 2013 14:07:04 +0000

[...] the burden of government spending grows slower than the economy’s productive sector (i.e., Mitchell’s Golden Rule), then deficits and debt fall. To be blunt, if you cure the disease, the symptoms automatically [...]

By: Ark Times blogger claims California is better than Texas but facts don’t bear that out (3 great political cartoons) « HaltingArkansasLiberalswithTruth

Sat, 16 Feb 2013 13:43:43 +0000

[...] is clearly doing better on jobs, and it’s easy to avoid higher taxes when you obey Mitchell’s Golden Rule and restrain the burden of government [...]

By: Open letter to President Obama (Part 239) « HaltingArkansasLiberalswithTruth

Thu, 14 Feb 2013 13:16:24 +0000

[...] in Slovenia where I just finished indoctrinating educating a bunch of students on the importance of Mitchell’s Golden Rule as a means of restraining the burden of government [...]

By: Open letter to President Obama (Part 238) « HaltingArkansasLiberalswithTruth

Wed, 13 Feb 2013 07:15:00 +0000

[...] few comments on the debate. I channel the wisdom of Mitchell’s Golden Rule by saying the most important goal is restraining the growth of federal [...]

By: Texas vs. California « International Liberty

Texas vs. California « International Liberty — Mon, 11 Feb 2013 18:25:17 +0000

[...] is clearly doing better on jobs, and it’s easy to avoid higher taxes when you obey Mitchell’s Golden Rule and restrain the burden of government [...]

By: If Spending Is Capped So It Grows at the Rate of Inflation, the Budget Is Balanced in 2018 « International Liberty

Wed, 06 Feb 2013 16:57:56 +0000

[...] But what they do show is that the nation’s fiscal problems easily can be addressed with some modest spending restraint. Sort of a practical application of Mitchell’s Golden Rule. [...]

By: Our nation is becoming a nation of takers when it used to be mainly makers!!!!! « HaltingArkansasLiberalswithTruth

Tue, 05 Feb 2013 13:08:01 +0000

[...] should worry anybody who cares about the future of the nation, starting with an inverse version of Mitchell’s Golden Rule. Handouts have been growing twice as fast as overall personal [...]

By: Obama’s Vision of a Nation of Takers « International Liberty

Obama’s Vision of a Nation of Takers « International Liberty — Fri, 25 Jan 2013 21:44:53 +0000

[...] should worry anybody who cares about the future of the nation, starting with an inverse version of Mitchell’s Golden Rule. Handouts have been growing twice as fast as overall personal [...]

By: The Basket Case Sometimes Known as Japan « International Liberty

The Basket Case Sometimes Known as Japan « International Liberty — Tue, 15 Jan 2013 18:13:25 +0000

[...] The key variable is making sure spending doesn’t consume ever-larger shares of economic output. In other words, follow Mitchell’s Golden Rule. [...]

By: Another Way Of Saying It— A Follow Up On The Austerity Post | suyts space

Sun, 13 Jan 2013 23:43:47 +0000

[...] even if these nations merely abide by Mitchell’s Golden Rule and restrain spending so that it grows slower than the private sector, that would be [...]

By: Question of the Week: Has the European Fiscal Crisis Ended? « International Liberty

Sat, 12 Jan 2013 19:29:07 +0000

[...] even if these nations merely abide by Mitchell’s Golden Rule and restrain spending so that it grows slower than the private sector, that would be [...]

By: Portugal and the Laffer Curve « HaltingArkansasLiberalswithTruth

Portugal and the Laffer Curve « HaltingArkansasLiberalswithTruth — Fri, 11 Jan 2013 07:46:41 +0000

[...] taxes usually are a substitute for the real solution of spending restraint (i.e., Mitchell’s Golden Rule). Politicians oftentimes refuse to reduce the burden of government spending because of an [...]

By: The Never-Ending Class Warfare Crusade « International Liberty

The Never-Ending Class Warfare Crusade « International Liberty — Tue, 08 Jan 2013 15:09:34 +0000

[...] budget if we merely limit federal spending so that it grows 2.5 percent annually. In other words, Mitchell’s Golden Rule leads to good [...]

By: Open letter to President Obama (Part 215) « HaltingArkansasLiberalswithTruth

Tue, 08 Jan 2013 12:44:27 +0000

[...] does create jobs? I explain we need to shrink the burden of government and I cite my favorite Golden Rule about the importance of making sure the productive sector of the economy grows faster than the [...]

By: The Reverse Midas Touch of Government « International Liberty

The Reverse Midas Touch of Government « International Liberty — Sun, 06 Jan 2013 18:21:06 +0000

[...] spending grows faster than the private economy (sort of Obama’s Golden Rule rather than Mitchell’s Golden Rule), bad things inevitably will [...]

By: Question of the Week: “Can America Be Saved?” « International Liberty

Sun, 06 Jan 2013 16:04:45 +0000

[...] No, I’m not talking about creating a libertarian Nirvana, with the federal government consuming only three percent of economic output. But I think we can at least hold the line and prevent government from becoming bigger than it is today. Sort of a watered-down version of Mitchell’s Golden Rule. [...]