by Dan Mitchell | Apr 17, 2024 | Blogs, Economics, Trade
Five years ago, I shared this video explaining why trade deficits generally don’t matter. The most important thing to understand is that a trade deficit is the same thing as a financial account surplus (formerly known as a capital surplus), which is easy to...
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...
by Dan Mitchell | Feb 23, 2024 | Big Government, Blogs, Economic Growth
In various ways (hourly wages, total compensation, household income, earnings growth), I’ve pointed out that falling living standards have been the biggest downside of Biden’s economic policies. Simply stated, inflation has been rising faster than...
by Dan Mitchell | Dec 26, 2023 | Big Government, Blogs
Writing about the economic tragedy of Argentina, I’ve explained that one major problem is inflation, thanks to that country’s version of “modern monetary theory.” This is not a trivial problem. Here’s a chart, from a recent...
by Dan Mitchell | Nov 27, 2023 | Blogs, Monetary Policy, Taxation
The British economy recently has been hammered by rising prices for the same reason that the American economy and the Eurozone economies were hurt by inflation. Simply stated, central bankers engaged in reckless monetary policy. And the...
