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The TARP Bailout Was the Wrong Response to a Government-Caused Meltdown

The TARP Bailout Was the Wrong Response to a Government-Caused Meltdown

by Dan Mitchell | Mar 13, 2020 | Big Government, Blogs

Ten days ago, I shared an interview in which I pointed out that President George W. Bush acquiesced to a flawed narrative about the 2008 financial crisis. Bush and his team basically accepted the assertion of interventionists that it was the fault of “Wall Street...
Ranking Presidents on Economic Policy: The Dismal Record of George W. Bush

Ranking Presidents on Economic Policy: The Dismal Record of George W. Bush

by Dan Mitchell | Oct 24, 2017 | Big Government, Blogs, Economics, Government Spending

Back in 2013, I did an assessment of economic policy changes that occurred during the Clinton Administration. The bottom line was that the overall burden of government declined by a semi-significant amount. Which presumably helps to explain why the economy enjoyed...

Trump Is Wrong on TARP (like Romney, McCain, Bush, and the Rest of the Establishment)

by Dan Mitchell | Jan 25, 2016 | Bailouts, Blogs

Remember the odious, immoral, and corrupt TARP bailout? Well, it’s becoming an issue in the 2016 presidential race, with some folkscriticizing Donald Trump for siding with Bush and Obama on the issue. I suppose I could make a snide observation about the absurdity of...

New Video Shows Bailouts Are a Recipe for Moral Hazard and Cronyism

by Dan Mitchell | Jun 27, 2015 | Bailouts, Big Government, Blogs, Economics, Regulations

When debating and discussing the 2008 financial crisis, there are two big questions. And the answers to these questions are important because the wrong “narrative” could lead to decades of bad policy (much as a mistaken narrative about the Great Depression enabled bad...

Thanks to Lobbying, Banks Obtain Unearned Wealth and Increase Systemic Risk

by Dan Mitchell | Jul 18, 2014 | Bailouts, Blogs

I periodically comment about government corruption, often in the context of trying to make the general point that shrinking the size and scope of the public sector is the most effective way of reducing sleaze in Washington. Now let’s get specific. I’ve already...
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