by Dan Mitchell | Nov 16, 2023 | Blogs, Economics, Monetary Policy
When Reagan campaigned for the White House, his economic plan was based on four pillars. I wrote a study about those policies for the Club for Growth Foundation and I wanted to answer two questions. First, was Reaganomics successful? Second, should...
by Dan Mitchell | Oct 28, 2023 | Blogs, Monetary Policy
I wrote yesterday about the two big reasons that central banks – such as the Federal Reserve in Washington – impose misguided monetary policy. They create too much money because they want to artificially goose the economy with Keynesian monetary policy,...
by Dan Mitchell | Oct 27, 2023 | Blogs, Monetary Policy
Most people (though not all) understand that inflation is the result of bad monetary policy. That’s the easy part to grasp. What’s more difficult is figuring out why politicians and their central bankers impose bad monetary policy. Are they creating too...
by Dan Mitchell | Sep 24, 2023 | Blogs, Monetary Policy
I gave a speech last year in Sweden to explain that inflation was caused by central banks such as the Federal Reserve, European Central Bank, and Bank of England. Today, let’s add the Bank of Canada to the list. Here’s a look at its...
by Dan Mitchell | Sep 17, 2023 | Blogs, Monetary Policy
What’s the track record of Modern Monetary Theory (MMT), which is based on using money-printing by central banks to finance bigger government? This quack theory is ideal for politicians like Bernie Sanders and AOC, but what happens when...
