by Dan Mitchell | Feb 24, 2024 | Big Government, Blogs, Economics, Free Market, Regulations
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see...
by Dan Mitchell | Feb 22, 2024 | Big Government, Blogs, Government Spending
I was very optimistic about the United Kingdom less than five years ago. The Conservative Party had just won a landslide election and that presumably would lead to an acceptable form of Brexit, followed by some form of Singapore-on-Thames. Well, the...
by Dan Mitchell | Jan 27, 2024 | Big Government, Blogs
Yesterday’s column looked at featherbedding in the Washington bureaucracy. Lots of overpaid middle managers and more boxes on the federal flowchart. Basically, the real-world version of this satirical meme. Today, let’s look at mindless incompetence by a foreign...
by Dan Mitchell | Nov 27, 2023 | Blogs, Monetary Policy, Taxation
The British economy recently has been hammered by rising prices for the same reason that the American economy and the Eurozone economies were hurt by inflation. Simply stated, central bankers engaged in reckless monetary policy. And the...
by Dan Mitchell | Sep 15, 2023 | Big Government, Blogs, Government Spending, Taxation
I’ve been very critical of big-spending Republicans like Trump for two reasons. First, bigger government saps economic vitality by diverting resources from the economy’s productive sector.Second, bigger government sooner or...
