by Dan Mitchell | Jan 5, 2011 | Bailouts, Big Government, Blogs, Government Spending, Monetary Policy
The news is going from bad to worse for Ireland. The Irish Independent is reporting that the Swiss Central Bank no longer will accept Irish government bonds as collateral. The story also notes that one of the world’s largest bond firms, PIMCO, is no longer purchasing...
by Dan Mitchell | Jan 3, 2011 | Big Government, Blogs, Regulations
I’ve already commented here and here on the government forcing us to use inferior lightbulbs. The bad news is becoming worse news. Here’s a story from England that was linked on Instapundit, showing how big business (which conspired with the politicians to get rid of...
by Dan Mitchell | Jan 1, 2011 | Big Government, Blogs, Competition
Walter Williams explains why politicians and bureaucrats shouldn’t have the power to tell us what we’re allowed to buy. At first blush, the mercantilists’ call for “free trade but fair trade” sounds reasonable. After all, who can be against fairness? Giving the idea...
by Dan Mitchell | Dec 3, 2010 | Big Government, Blogs, Economics, Government Spending
The Bureau of Labor Statistics announced this morning that the unemployment rate jumped to 9.8 percent last month. As you can see from the chart, the White House claimed that if we enacted the so-called stimulus, the unemployment rate today would be about 7 percent....
by Dan Mitchell | Oct 14, 2010 | Big Government, Blogs, Government Spending
I recently posted data showing how companies are sitting on lots of cash, presumably in part because the business climate is not conducive to investment and job creation. I also showed a cartoon that makes the same point in an amusing – yet insightful – manner. Now...
