by Dan Mitchell | Apr 24, 2019 | Opinion and Commentary
Originally published by NewsMax on April 22, 2019. The Federal Reserve is getting a lot of news coverage because of new nominations that President Donald Trump has put forth to serve on the Board of Governors. But America’s central bank also should be in the news...
by Dan Mitchell | Apr 23, 2019 | Big Government, Blogs, Society, Welfare and Entitlements
Every year, the Social Security Administration issues a “Trustees Report” that summarizes the program’s financing. So every year (see 2018, 2017, 2016, 2015, etc) I cut through all the verbiage and focus the numbers that really matter. First, here’s the data...
by Dan Mitchell | Apr 22, 2019 | Blogs, Trade
When I pontificate about trade, I often point out that protectionism is a net negative for the economy. Yes, it is possible to erect trade barriers that benefit specific sectors and protect certain jobs, and this is the “seen” benefit. But the “unseen” costs...
by Dan Mitchell | Apr 21, 2019 | Blogs, Economics, Taxation
The International Monetary Fund is one of my least favorite international bureaucracies because the political types who run the organization routinely support bad policies such as bailouts and tax increases. But there are professional economists at the IMF who do good...
by Dan Mitchell | Apr 20, 2019 | Big Government, Blogs, Economics
Argentina is a sobering example of how statist policies can turn a rich nation into a poor nation. I’m not exaggerating. After World War II, Argentina was one of the world’s 10-richest nations. But then Juan Perón took power and initiated Argentina’s slide toward big...
