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Trump Is Wrong on TARP (like Romney, McCain, Bush, and the Rest of the Establishment)

by Dan Mitchell | Jan 25, 2016 | Bailouts, Blogs

Remember the odious, immoral, and corrupt TARP bailout? Well, it’s becoming an issue in the 2016 presidential race, with some folkscriticizing Donald Trump for siding with Bush and Obama on the issue. I suppose I could make a snide observation about the absurdity of...
Establishment Media Channels Fox Butterfield on Keynesian Policy

Establishment Media Channels Fox Butterfield on Keynesian Policy

by Dan Mitchell | Jul 3, 2015 | Big Government, Blogs, Economics, Government Spending

Back in 2010, I described the “Butterfield Effect,” which is a term used to mock clueless journalists for being blind to the real story. A former reporter for the New York Times, Fox Butterfield, became a bit of a laughingstock in the 1990s for publishing a series of...

New Video Shows Bailouts Are a Recipe for Moral Hazard and Cronyism

by Dan Mitchell | Jun 27, 2015 | Bailouts, Big Government, Blogs, Economics, Regulations

When debating and discussing the 2008 financial crisis, there are two big questions. And the answers to these questions are important because the wrong “narrative” could lead to decades of bad policy (much as a mistaken narrative about the Great Depression enabled bad...
The Obama Administration Wants Another Housing Bubble

The Obama Administration Wants Another Housing Bubble

by Dan Mitchell | Nov 3, 2014 | Big Government, Blogs

More than 100 years ago, George Santayana famously warned that, “Those who cannot remember the past are condemned to repeat it.” At the time, he may have been gazing in a crystal ball and looking at what the Obama Administration is doing today. That’s because the...

Thanks to Lobbying, Banks Obtain Unearned Wealth and Increase Systemic Risk

by Dan Mitchell | Jul 18, 2014 | Bailouts, Blogs

I periodically comment about government corruption, often in the context of trying to make the general point that shrinking the size and scope of the public sector is the most effective way of reducing sleaze in Washington. Now let’s get specific. I’ve already...
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