by Dan Mitchell | Mar 7, 2024 | Blogs, Europe, Monetary Policy
If you asked a reasonably competent economics student to explain why there was a surge of inflation in the eurozone in 2022, that person presumably would be familiar with Milton Friedman’s wisdom and immediately would investigate whether there was a...
by Dan Mitchell | Jul 28, 2023 | Blogs, Monetary Policy
After eight years of being head of the International Monetary Fund, where she seemingly specialized in pushing for bailouts, bigger government, and higher taxes (conveniently, her lavish salary was tax exempt), Christine Lagarde was...
by Dan Mitchell | Jun 15, 2018 | Blogs, Economics, Taxation
One of the core principles of economics is that prices are determined by supply and demand. That includes the price of labor – i.e., the wages received by workers. Another core principle is that taxes create distortions by reducing demand and supply. Which is why it’s...
by Dan Mitchell | Jan 6, 2017 | Big Government, Blogs, Bureaucracy, Economics, Government Spending
Last year, I shared some remarkable research from the Organization for Economic Cooperation and Development about the negative relationship between government spending and economic performance. The economists at the Paris-based bureaucracy looked at data from its...
by Dan Mitchell | Nov 1, 2013 | Big Government, Blogs, Economics
At the beginning of the year, I was asked whether Europe’s fiscal crisis was over. Showing deep thought and characteristic maturity, my response was “HAHAHAHAHAHAHAHAHA, are you ;@($&^#’% kidding me?” But I then shared specific reasons for pessimism, including the...
