by Dan Mitchell | Mar 3, 2015 | Blogs, Economics, Monetary Policy
During periods of economic weakness, governments often respond with “loose” monetary policy, which generally means that central banks will take actions that increase liquidity and artificially lower interest rates. I’m not a big fan of this approach. If an economy is...
by Dan Mitchell | Jan 23, 2015 | Blogs, Economics, Monetary Policy
Everyone, it seems, is worried about global economic stagnation. And there is good reason to be concerned. Europe is in the doldrums. Japan is stagnant. The developing world is hampered by intervention, corruption, and absence of property rights. And the United States...
by Dan Mitchell | Mar 21, 2014 | Big Government, Blogs, Economics, Welfare and Entitlements
Back in 2010, I shared a video that predicted a catastrophic end to the welfare state. I said it was an example of “Libertarian Porn” because: …it is designed for the dark enjoyment of people who think the government is destroying the nation. If you don’t like bloated...
by Dan Mitchell | Feb 28, 2014 | Blogs, Economics, Minimum Wage
Like John Stossel and Thomas Sowell, I’m not a big fan of the Federal Reserve. It’s not just that I’m a libertarian who fantasizes about the denationalization of money. I also think the Fed hasn’t done a good job, even by its own metrics. There’s very little doubt,...
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...
