by Dan Mitchell | Aug 23, 2018 | Blogs, Economics, Free Market
A key insight of international economics is that there should be “convergence” between rich countries and poor countries, which is just another way of saying that low-income nations – all other things being equal – should grow faster than high-income nations and...
by Dan Mitchell | Aug 22, 2018 | Blogs, Economics
The good news about China is that economic liberalization has produced impressive growth in recent decades, which has helped bring hundreds of millions of people out of poverty. The bad news is that China started from such a low position that per-capita income is...
by Dan Mitchell | Aug 21, 2018 | Big Government, Blogs, Welfare and Entitlements
Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. Today, we’re going to peruse his writings on Denmark. Here’s some of what he wrote earlier this month. Denmark can teach us…about...
by Dan Mitchell | Aug 19, 2018 | Blogs
America’s healthcare system is a mess, largely because government intervention (Medicare, Medicaid, Obamacare, and the tax code’s healthcare exclusion) have produced a system where consumers almost never directly pay for their medical services. This “third-party...
by Dan Mitchell | Aug 18, 2018 | Blogs, Taxation, Trade
There’s an ongoing debate about Trump’s endgame on trade. Is he simply a crude protectionist, or is he disrupting the status quo in order to force other nations to reduce their protectionist barriers? I hope it’s the latter, though I fear it’s the former. But one...
