by Dan Mitchell | Apr 30, 2019 | Big Government, Blogs, Financial Privacy, Regulations
I’m not a big fan of so-called anti-money laundering (AML) requirements. They are pointless. They are expensive. They are intrusive. They are discriminatory. They are ineffective. They disproportionately hurt poor people. And things are getting worse because these...
by Dan Mitchell | Apr 19, 2019 | Big Government, Blogs, Monetary Policy
What’s the biggest problem with the Federal Reserve? The obvious answer is that the Central Bank is susceptible to Keynesian monetary policy, which results in a harmful boom-bust cycle. For instance, the Fed’s artificially low interest rates last decade played a key...
by Dan Mitchell | Mar 25, 2019 | Blogs, Economics
I have this quaint notion that the Constitution guarantees economic liberty by limiting the power of Washington. Needless to say, parental leave is not one of the enumerated powers in Article 1, Section 8. Sadly, many people (include the Chief Justice of the Supreme...
by Dan Mitchell | Mar 9, 2019 | Blogs
During my early years in public policy, back in the late 1980s, I repeatedly crossed swords with people who argued that Washington should have more power over the economy so that the United States could compete with Japan, which supposedly was an economic juggernaut...
by Dan Mitchell | Mar 5, 2019 | Big Government, Blogs, Economics
What’s the worst thing the government does? That’s a difficult question to answer. I’ve argued that giving U.S. tax dollars to the OECD is the worst item in the budget, on a per-dollar-spent basis. And I’ve expressed scathing disdain for the horrid practice of civil...
