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Extraterritoriality by the U.S. Government Could Weaken the Dollar and Backfire against the American Economy

Extraterritoriality by the U.S. Government Could Weaken the Dollar and Backfire against the American Economy

by Dan Mitchell | Oct 16, 2018 | Blogs, Economics

When Trump imposes protectionist trade barriers, he doesn’t realize that the harm imposed on other nations is matched by damage to the U.S. economy. As I warn in this interview, something similar could happen if the federal government convinces other nations to reject...
Keynesian Monetary Policy: A Recipe for False Booms and Real Busts

Keynesian Monetary Policy: A Recipe for False Booms and Real Busts

by Dan Mitchell | Oct 14, 2018 | Blogs, Economics

I periodically explain that you generally don’t get a recession by hiking taxes, adding red tape, or increasing the burden of government spending. Those policies are misguided, to be sure, but they mostly erode the economy’s long-run potential growth. If you want to...
Hopes and Fears for Policy in 2018

Hopes and Fears for Policy in 2018

by Dan Mitchell | Jan 1, 2018 | Big Government, Blogs, Welfare and Entitlements

Happy New Year! We listed yesterday the good and bad policy developments of 2017, so now let’s speculate about potential victories and defeats in 2018. Here are two things I hope will happen this year. Welfare reform – If my friends and contacts on Capitol Hill are...
Anti-Economics from The Economist

Anti-Economics from The Economist

by Dan Mitchell | Sep 27, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian

When I was younger, folks in the policy community joked that BusinessWeek was the “anti-business business weekly” because its coverage of the economy was just as stale and predictably left wing as what you would find in the pages of Time or Newsweek. Well, perhaps...

The War Against Cash, Part II

by Dan Mitchell | Dec 27, 2015 | Blogs, Economics, Financial Privacy, Keynesian, Monetary Policy

I wrote yesterday that governments want to eliminate cash in order to make it easier to squeeze more money from taxpayers. But that’s not the only reason why politicians are interested in banning paper money and coins. They also are worried that paper money inhibits...
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