by Dan Mitchell | Jul 5, 2015 | Big Government, Blogs, Economics, Monetary Policy, Regulations
I appreciate tax havens for many reasons, mostly having to do with the importance of having some sort of external constraint on the tendency of politicians to over-tax and over-spend. But I also like these low-tax jurisdictions for non-tax reasons. And high on my list...
by Dan Mitchell | May 4, 2015 | Blogs, Economics
The standard argument against an easy-money policy is that it creates distortions in an economy that lead to either rapid increases in the price level, like we endured in the 1970s, or unsustainable asset bubbles, like we experienced last decade. Those arguments are...
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...
