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The High Cost of Short-Run Political Decision-Making

The High Cost of Short-Run Political Decision-Making

by Dan Mitchell | Aug 10, 2024 | Blogs, Economics

Why do politicians such as Donald Trump and Kamala Harris show no interest in fixing Social Security and other entitlement programs? The answer is “public choice.” They are focused on maximizing votes and power in the short run...
Don’t Blame Free Markets When Central Banks Make Mistakes

Don’t Blame Free Markets When Central Banks Make Mistakes

by Dan Mitchell | Jun 19, 2024 | Blogs

I don’t like bad monetary policy by central bankers. I especially don’t like bad monetary policy when central bankers refuse to accept responsibility for their mistakes. I’ve already written about blame-shifting by the Bank of England. An even...
Pro and Con: The War on Cash

Pro and Con: The War on Cash

by Dan Mitchell | Apr 9, 2024 | Blogs, Economics, Keynesian, Monetary Policy

To explain why the “war on cash” is misguided, I have a seven-part series (here, here, here, here, here, here, and here) explaining why it is dangerous to eliminate currency and rely solely on government-provided digital money. Using the...
Brian Garst Comments on Proposed Rule: Debit Card Interchange Fees and Routing

Brian Garst Comments on Proposed Rule: Debit Card Interchange Fees and Routing

by Brian Garst | Feb 14, 2024 | Testimony and Speeches

[PDF] February 9, 2024 The Honorable Jerome H. PowellChairBoard of Governors of the Federal Reserve System20th Street and Constitution Avenue, N.W.Washington, D.C. 20551 Re:...
Lessons from Reaganomics for the 21st Century, Part IV

Lessons from Reaganomics for the 21st Century, Part IV

by Dan Mitchell | Nov 16, 2023 | Blogs, Economics, Monetary Policy

When Reagan campaigned for the White House, his economic plan was based on four pillars. I wrote a study about those policies for the Club for Growth Foundation and I wanted to answer two questions. First, was Reaganomics successful? Second, should...
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