by Dan Mitchell | Apr 20, 2025 | Blogs, Monetary Policy
I have been very critical of the Federal Reserve. For a long time. The central bank has give us more than one hundred years of boom-and-bust monetary policy. And to make matters worse, the booms are false and the busts are real. Yet no...
by Dan Mitchell | Nov 8, 2024 | Blogs, Monetary Policy
Why did Donald Trump win on Tuesday? There are lots of theories, but I think this chart played a big role. It shows how the Federal Reserve dramatically expanded its balance sheet in 2020 and 2021. In other words, the Fed created a bunch of new money....
by Dan Mitchell | Aug 10, 2024 | Blogs, Economics
Why do politicians such as Donald Trump and Kamala Harris show no interest in fixing Social Security and other entitlement programs? The answer is “public choice.” They are focused on maximizing votes and power in the short run...
by Dan Mitchell | Jun 19, 2024 | Blogs
I don’t like bad monetary policy by central bankers. I especially don’t like bad monetary policy when central bankers refuse to accept responsibility for their mistakes. I’ve already written about blame-shifting by the Bank of England. An even...
by Dan Mitchell | Jun 7, 2024 | Blogs, Monetary Policy
Economists say inflation is the result of bad monetary policy. The Biden White House, however, says inflation is caused by greedy companies. I debunk that nonsensical claim in this excerpt from a recent discussion on Let People Prosper. At the risk of...
