by Dan Mitchell | Nov 10, 2010 | Big Government, Blogs
One of my first blog posts (and the first one to get any attention) highlighted the amusing/embarrassing irony of having Chinese students laugh at Treasury Secretary Geithner when he claimed the United States had a strong-dollar policy. I suspect that even Tim...
by Dan Mitchell | Nov 7, 2010 | Blogs, Monetary Policy
Chairman Ben Bernanke has announced that the Federal Reserve will buy about $600 billion of government bonds as part of what is being called QE2 (because this is the second big stage of “quantitative easing”). This actually isn’t printing money, but it has the same...
by Dan Mitchell | Oct 25, 2010 | Blogs, Economics
Two CNBC stories are linked on the Drudge Report this morning, and they both highlight the growing risk of the Fed’s easy-money policy. The first story discusses whether the dollar will continue to depreciate. Since the “optimist” argument is based on global...
by Dan Mitchell | Sep 14, 2010 | Big Government, Blogs, Regulations
George Melloan’s column in the Wall Street Journal discusses the new Basel capital standards and correctly observes that 22 years of global banking regulations have not generated good results. This is not because requiring reserves is a bad thing, but rather because...
by Dan Mitchell | Sep 1, 2010 | Big Government, Blogs, Economics
The Free Market Mojo site asked me a number of interesting questions about public policy. I’m not sure all of my answers were interesting, but here are some snippets that capture my curmudgeonly outlook. I think it’s important to divide the topic into two issues, the...
