by Dan Mitchell | Apr 20, 2024 | Big Government, Blogs, Welfare and Entitlements
To show that living standards are much higher in the United States than they are in Europe, I periodically share OECD data on average individual consumption (2012, 2014, 2017, 2019, and 2022). All of which implies that European...
by Dan Mitchell | Apr 19, 2024 | Blogs, Economics, Free Market
Three years ago, I wrote about the erosion of economic liberty in Western Europe (specifically, the 15 nations that comprised the European Union between 1995-2004). Sadly, here’s a more up-to-date chart showing that the loss of economic...
by Dan Mitchell | Apr 18, 2024 | Blogs, Economics, Free Market
I’ve periodically tried to explain that even small differences in long-run growth can lead to immense benefits, including huge reductions in poverty. To illustrate the importance of higher growth rates, I sometimes inform audiences that...
by Dan Mitchell | Apr 17, 2024 | Blogs, Economics, Trade
Five years ago, I shared this video explaining why trade deficits generally don’t matter. The most important thing to understand is that a trade deficit is the same thing as a financial account surplus (formerly known as a capital surplus), which is easy to...
by Dan Mitchell | Apr 16, 2024 | Blogs, Taxation, VAT
While in Sweden last week, I wrote several columns (here, here, and here) about that nation’s fiscal policy. But I also had a discussion about American fiscal policy with one of the tax experts at the Confederation of Swedish Enterprise. That included a...
