by Dan Mitchell | Sep 17, 2023 | Blogs, Monetary Policy
What’s the track record of Modern Monetary Theory (MMT), which is based on using money-printing by central banks to finance bigger government? This quack theory is ideal for politicians like Bernie Sanders and AOC, but what happens when...
by Dan Mitchell | Sep 16, 2023 | Big Government, Blogs
Earlier this year, I put together three sentences that summarize the post-1949 economic history of China. Crippling communist failure and suffering under Mao.Partial reform during the “Washington Consensus”...
by Dan Mitchell | Sep 15, 2023 | Big Government, Blogs, Government Spending, Taxation
I’ve been very critical of big-spending Republicans like Trump for two reasons. First, bigger government saps economic vitality by diverting resources from the economy’s productive sector.Second, bigger government sooner or...
by Dan Mitchell | Sep 13, 2023 | Blogs, Economics
I’ve repeatedly explained (last July, last September, and this July) that Biden’s biggest economic problem is that wages are losing ground after adjusting for inflation. The same thing is true when looking at overall household income. The Census Bureau just...
by Dan Mitchell | Sep 12, 2023 | Blogs, Uncategorized
My politician-of-the-year candidates for 2022 were George Santos, Pete Buttigieg, NYC Mayor Eric Adams, and his Schools Chancellor. All of these government officials displayed remarkable levels of hypocrisy, arrogance, and sleaze, making them strong...
