by Dan Mitchell | Feb 26, 2023 | Big Government, Blogs, Government Spending
In this segment from a December interview, I explain that budget deficits are most likely to produce inflation in countries with untrustworthy governments.* The simple message is that budget deficits are not necessarily inflationary. It depends how budget deficits are...
by Dan Mitchell | Feb 8, 2023 | Blogs, Monetary Policy
While I have profound worries about the future of fiscal policy, I wonder if developments in monetary policy are an even greater threat to individual liberty. More specifically, I’ve written a five-part series about governments and their “War Against...
by Dan Mitchell | Nov 21, 2022 | Blogs
The great Milton Friedman repeatedly explained that rising prices are an inevitable consequence of easy-money policies by central banks. That’s a lesson everyone should have learned about 50 years ago when the Federal Reserve unleashed the...
by Dan Mitchell | Oct 27, 2022 | Blogs, Europe
I was excited about the possibility of pro-growth tax policy during the short-lived reign of Liz Truss as Prime Minister of the United Kingdom. However, I’m now pessimistic about the nation’s outlook. Truss was forced to resign...
by Dan Mitchell | Oct 1, 2022 | Blogs, Monetary Policy
Today’s column is about inflation and I want to start by recycling this clip from an interview back in April. The main message is that the Federal Reserve deserves the blame for inflation. America’s central bank created dramatically expanded...
