by Dan Mitchell | Dec 30, 2024 | Blogs
I’ve graded the economic policy of every recent president, as well as three very bad presidents from the first half of the 20th century. Woodrow Wilson Herbert Hoover Franklin Roosevelt Richard Nixon Ronald Reagan George H.W. Bush Bill Clinton George W. Bush Barack...
by Dan Mitchell | Nov 8, 2024 | Blogs, Monetary Policy
Why did Donald Trump win on Tuesday? There are lots of theories, but I think this chart played a big role. It shows how the Federal Reserve dramatically expanded its balance sheet in 2020 and 2021. In other words, the Fed created a bunch of new money....
by Dan Mitchell | Sep 11, 2024 | Blogs, Economics
I’ve repeatedly cited monthly data from the Labor Department to show that workers have struggled during the Biden-Harris years because inflation has increased faster than wages. Those monthly numbers specifically show that workers...
by Dan Mitchell | Jul 13, 2024 | Blogs, Economics
Bidenomics has been a failure, as measured by variables such as poverty, subsidies, inflation, protectionism, household income, fiscal policy, red tape, and employment. But if asked to pick the most important problem for Biden...
by Dan Mitchell | Jun 30, 2024 | Blogs, Economics
Over the past few years, I’ve repeatedly emphasized Milton Friedman’s insight that central banks deserve blame for inflation. To illustrate, here are two charts. The first chart shows the Federal Reserve’s balance sheet. If you focus...
