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The Most Economically Illiterate Tweet of 2023

The Most Economically Illiterate Tweet of 2023

by Dan Mitchell | Jun 27, 2023 | Blogs, Europe

Earlier this month, I mocked CNN for a nonsensical tweet about inflation. The network said there was no consensus about the cause of inflation even though it is glaringly obvious that the Federal Reserve’s bad monetary...
European Fiscal Policy Week, Part V: The European Union, Centralization, and Redistribution

European Fiscal Policy Week, Part V: The European Union, Centralization, and Redistribution

by Dan Mitchell | Oct 28, 2022 | Blogs, Economics, Europe

The European Union started as a good idea (unfettered free trade between member nations) and has morphed into a troubling idea (a super-state based on centralization, harmonization, and bureaucratization). And I fear it is heading further in...
Inflation Is Caused by Bad Government Policy

Inflation Is Caused by Bad Government Policy

by Dan Mitchell | Jul 14, 2022 | Blogs, Monetary Policy

Milton Friedman wisely observed that inflation is always the result of bad monetary policy by central banks. And I echoed that point last month in remarks to the European Resource Bank meeting in Stockholm. This topic deserves more attention, particularly given...
The Most Economically Illiterate Tweet of 2023

The European Central Bank: Subsidizing Profligacy, Creating Bubbles

by Dan Mitchell | May 24, 2022 | Big Government, Blogs, Europe, Monetary Policy, Welfare and Entitlements

Earlier this year, I pointed out that President Biden should not be blamed for rising prices. There has been inflation, of course, but the Federal Reserve deserves the blame. More specifically, America’s central bank responded to the coronavirus...
European Fiscal Policy Week, Part V: The European Union, Centralization, and Redistribution

Lessons from the Failure of Europe’s Maastricht Criteria

by Dan Mitchell | Mar 12, 2022 | Uncategorized

As part of a panel discussion with the Texas Public Policy Foundation, I explained (with a frozen look) why spending caps (such as Switzerland’s “debt brake“) are better than balanced budget requirements. This is a topic I’ve written about many times, noting that even...
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