by Dan Mitchell | Nov 17, 2015 | Blogs, Economics
We’ve been suffering through the weakest recovery since the Great Depression. Labor force participation hasn’t recovered and median household income is stagnant. So how are our benevolent and kind overseers in Washington responding? Are they reducing the burden of...
by Dan Mitchell | Aug 23, 2015 | Blogs, Economics
What’s the biggest economic fallacy on the left? What’s the defining mistake for our statist friends? One obvious answer is that many of them hold the anti-empirical belief that the economy is a fixed pie and that one person can’t climb the economic ladder unless...
by Dan Mitchell | May 4, 2015 | Blogs, Economics
The standard argument against an easy-money policy is that it creates distortions in an economy that lead to either rapid increases in the price level, like we endured in the 1970s, or unsustainable asset bubbles, like we experienced last decade. Those arguments are...
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 25, 2015 | Blogs, Economics, Keynesian
It’s no secret that I’m a huge fan of Ronald Reagan. He’s definitely the greatest president of my lifetime and, with one possible rival, he was the greatest President of the 20th century. If his only accomplishment was ending malaise and restoring American prosperity...
