by Dan Mitchell | Feb 9, 2013 | Big Government, Blogs, Economics
When speaking about the difference between the private sector and the government, I sometimes emphasize that mistakes and errors are inevitable, and that the propensity to screw up may be just as prevalent in the private sector as it is in the public sector. I...
by Dan Mitchell | Sep 15, 2012 | Blogs, Economics, Monetary Policy
I posted this t-shirt about Bernanke’s easy-money approach a couple of days ago, but I should have waited ’til today since it would be a perfect accompaniment to any analysis of the Fed Chairman’s unveiling of QE3. But given the potential economic consequences, I...
by Dan Mitchell | Feb 25, 2012 | Blogs, Monetary Policy
Nothing compares to the depth and substance of Professor George Selgin’s scholarly take-down of the Federal Reserve, but this video by a local libertarian has a very authentic feel. Julie lists 10 reasons to dislike the Fed. 1. The Fed has too much power. 2. The...
by Dan Mitchell | Aug 28, 2011 | Blogs, Economics, Monetary Policy
I generally try to avoid commenting on monetary policy. Not because I don’t have opinions, but for the simple reason that I don’t follow the issue closely enough to feel fully confident about what I say. This doesn’t mean I’m happy with Fed Chairman Bernanke. But I’m...
by Dan Mitchell | Jun 15, 2011 | Bailouts, Big Government, Blogs, Government Spending
Ben Bernanke is definitely trying hard to overtake Arthur Burns and G. William Miller (those wonderful guys who helped give us the 1970s) as the worst Fed Chairman of the modern era. But unlike Burns and Miller, who “earned” their poor reputations with bad monetary...
