It’s not clear how much economic development the federal Economic Development Administration, a division of the Commerce Department, actually produces. But the Commerce Department’s inspector general has some observations about the administration’s performance after a cyber attack that turned out to be bogus. “EDA’s persistent, mistaken beliefs resulted in an excessive response and ultimately…
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Does government spending really boost the economy? Does cutting government spending, or rather, reducing the growth of government spending, hurt the economy? Here is the answer to both questions, in one graph, from Britmouse (via Scott Sumner): Sumner then continues his observations to compare the British experience with that of the troubled nations of…
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