by Dan Mitchell | Feb 26, 2023 | Big Government, Blogs, Government Spending
In this segment from a December interview, I explain that budget deficits are most likely to produce inflation in countries with untrustworthy governments.* The simple message is that budget deficits are not necessarily inflationary. It depends how budget deficits are...
by Dan Mitchell | Nov 21, 2022 | Blogs
The great Milton Friedman repeatedly explained that rising prices are an inevitable consequence of easy-money policies by central banks. That’s a lesson everyone should have learned about 50 years ago when the Federal Reserve unleashed the...
by Dan Mitchell | Oct 1, 2022 | Blogs, Monetary Policy
Today’s column is about inflation and I want to start by recycling this clip from an interview back in April. The main message is that the Federal Reserve deserves the blame for inflation. America’s central bank created dramatically expanded...
by Dan Mitchell | Aug 8, 2022 | Big Government, Blogs, Economics
A big argument for free enterprise over statism is that the former delivers growth while the latter leads to stagnation. And that’s very apparent when you review decades of data. The case for capitalism is especially powerful if you care...
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...
