by Dan Mitchell | Sep 14, 2010 | Big Government, Blogs, Regulations
George Melloan’s column in the Wall Street Journal discusses the new Basel capital standards and correctly observes that 22 years of global banking regulations have not generated good results. This is not because requiring reserves is a bad thing, but rather because...
by Dan Mitchell | Sep 1, 2010 | Big Government, Blogs, Economics
The Free Market Mojo site asked me a number of interesting questions about public policy. I’m not sure all of my answers were interesting, but here are some snippets that capture my curmudgeonly outlook. I think it’s important to divide the topic into two issues, the...
by Dan Mitchell | Aug 13, 2010 | Bailouts, Blogs
Appearing on Fox Business News, I summarize the many reasons why the Bush-Paulson-Obama-Geithner TARP bailout was – and still is – bad policy. I’m sure I have plenty of flaws, but at least I am philosophically consistent. Here’s what I said about the issue more...
by Dan Mitchell | Aug 12, 2010 | Big Government, Blogs
John Stossel appropriately scolds the former Federal Reserve Chairman for blaming the financial crisis on the free market. I’ll go one step farther and say that Greenspan’s behavior is a reprehensible example of someone lacking the cojones to take responsibility for...
by Dan Mitchell | Jul 13, 2010 | Big Government, Blogs
A number of economists have been warning about the Federal Reserve’s easy-money policy, but defenders of the central bank often ask, ”if there’s an easy money policy, why isn’t that showing up in the form of higher prices?” Thomas Sowell has an answer to this...
