by Dan Mitchell | Mar 3, 2015 | Blogs, Economics, Monetary Policy
During periods of economic weakness, governments often respond with “loose” monetary policy, which generally means that central banks will take actions that increase liquidity and artificially lower interest rates. I’m not a big fan of this approach. If an economy is...
by Dan Mitchell | Jan 25, 2015 | Blogs, Economics, Keynesian
It’s no secret that I’m a huge fan of Ronald Reagan. He’s definitely the greatest president of my lifetime and, with one possible rival, he was the greatest President of the 20th century. If his only accomplishment was ending malaise and restoring American prosperity...
by Dan Mitchell | Jan 23, 2015 | Blogs, Economics, Monetary Policy
Everyone, it seems, is worried about global economic stagnation. And there is good reason to be concerned. Europe is in the doldrums. Japan is stagnant. The developing world is hampered by intervention, corruption, and absence of property rights. And the United States...
by Dan Mitchell | Feb 28, 2014 | Blogs, Economics, Minimum Wage
Like John Stossel and Thomas Sowell, I’m not a big fan of the Federal Reserve. It’s not just that I’m a libertarian who fantasizes about the denationalization of money. I also think the Fed hasn’t done a good job, even by its own metrics. There’s very little doubt,...
by Dan Mitchell | Sep 20, 2012 | Blogs, Economics, Monetary Policy
I’ve expressed concern about QE3 and other decisions by the Federal Reserve about monetary policy, but I have also admitted that it’s difficult to know the right monetary policy because it requires having a good idea about both the demand for money and the supply of...
