by Dan Mitchell | Jul 17, 2024 | Blogs, Economics
I wrote yesterday that I’m in China this week, teaching at Northeastern University in Shenyang. This gives me a good excuse to write a series of columns about Chinese economic policy. Our first entry was about demographics, which is a challenge in China (as well as...
by Dan Mitchell | Jul 13, 2024 | Blogs, Economics
Bidenomics has been a failure, as measured by variables such as poverty, subsidies, inflation, protectionism, household income, fiscal policy, red tape, and employment. But if asked to pick the most important problem for Biden...
by Dan Mitchell | Jul 7, 2024 | Big Government, Blogs, Economics, Government Spending
I’ve written previously about Pakistan getting into trouble because government spending grew too fast over a multi-year period. And I also wrote about Kenya suffering economic problems for the same reason. Today, let’s look at the fiscal...
by Dan Mitchell | Jul 3, 2024 | Blogs, Economics, Free Market
Two years ago, I explained how the industrial revolution helped catapult the western world to unimaginable prosperity. Today, let’s build on that column by looking at some of the secondary benefits. We’ll start with a chart from Our World in Data showing a...
by Dan Mitchell | Jun 30, 2024 | Blogs, Economics
Over the past few years, I’ve repeatedly emphasized Milton Friedman’s insight that central banks deserve blame for inflation. To illustrate, here are two charts. The first chart shows the Federal Reserve’s balance sheet. If you focus...
