by Dan Mitchell | Aug 3, 2021 | Blogs, Economics, Monetary Policy
I’m not a big fan of the Federal Reserve, mostly because of its Keynesian monetary policy. Incumbent politicians often applaud when the central bank intervenes to create excess liquidity and artificially low interest rates. That’s because the...
by Dan Mitchell | Aug 1, 2021 | Blogs, Economics
China is not going to surpass the United States as the world’s dominant economy. As I first wrote back in 2010, China is a paper tiger. Yes, there was some pro-market reform last century, which helped reduce mass poverty, but China only took...
by Dan Mitchell | Jul 23, 2021 | Blogs, Economics, Free Market
In my four-part series on inequality (here, here, here, and here), I argue that that it is more important to instead focus on reducing poverty – especially since we know the policies needed to achieve that latter goal. In this discussion, I contemplate...
by Dan Mitchell | Jul 22, 2021 | Blogs, Economics, Free Market
Last year, I weighed in on the debate about whether companies should be operated for the benefit of owners (shareholders) or for the broader community (stakeholders). Unsurprisingly, I sided with Milton Friedman and argued that businesses have a...
by Dan Mitchell | Jul 16, 2021 | Blogs, Economics, Tax Competition, Tax Harmonization, Taxation
I critiqued Biden’s proposal for a global corporate tax cartel as part of a recent discussion with South Africa’s Free Market Foundation. Here’s the segment where I explain why it would be bad for developing nations. At the risk of stating the...
