by Dan Mitchell | Jul 23, 2023 | Blogs, Economics
Economists assume that poor countries should grow faster than rich countries over time, a process known as convergence. It’s a reasonable theory, but only if poor countries and rich countries have similar levels of economic liberty. But that’s...
by Dan Mitchell | Jul 21, 2023 | Big Government, Blogs
In a two-part series back in 2020 (here and here), I analyzed the unseemly behavior of politicians. For Part III of that series, let’s start with my CNBC discussion earlier this week about insider trading by lawmakers. The interview focused on legislation...
by Dan Mitchell | Jul 20, 2023 | Big Government, Blogs, Economics, Europe, Welfare and Entitlements
Part I of this series reviewed some data about the United States growing much faster than the welfare states of the European Union. Part II of the series looked at some very depressing data about the European Union losing ground compared to the United States, even...
by Dan Mitchell | Jul 19, 2023 | Big Government, Blogs, Europe, Welfare and Entitlements
In Part I of this series, we learned from a report in the Wall Street Journal that the combined economies of the European Union have grown by only 6 percent over the past 15 years compared to 82 percent growth in the United States. That is stunning evidence...
by Dan Mitchell | Jul 18, 2023 | Big Government, Blogs, Welfare and Entitlements
At the risk of being repetitive, I’ve been arguing (and arguing, and arguing) that the United States should not turn its medium-sized welfare state into a European-style, large-sized welfare state. Simply stated, that’s a route...
