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...
by Dan Mitchell | Apr 4, 2024 | Big Government, Blogs, Economics, Regulations
Sensible regulation requires cost-benefit analysis. In other words, do the positive effects of a government intervention outweigh the negative effects? For instance, a nationwide, 5-miles-per-hour speed limit definitely would reduce traffic fatalities,...
by Dan Mitchell | Mar 15, 2024 | Big Government, Blogs, Regulations
I have a three-part series on why price controls are misguided (here, here, and here). In this clip from a recent appearance on Vance Ginn’s Let People Prosper, I look at the specific example of price controls on late fees. While I think my points are sound, I confess...
by Dan Mitchell | Feb 25, 2024 | Blogs, Economics
When writing about rent control in the past, I’ve used words like “horrid” and “lunacy.” And let’s not forget “folly.” The policy is (as I wrote in 2019) the “triumph of vote counting over sound economics.” This short video provides a good summary. By the way, the...
by Dan Mitchell | Feb 24, 2024 | Big Government, Blogs, Economics, Free Market, Regulations
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see...
