by Dan Mitchell | Jun 22, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian
The American economy is in the doldrums. And has been for most this century thanks to bad policy under both Obama and Bush. So what’s needed to boost growth and create jobs? A new video from Learn Liberty, narrated by Professor Don Boudreaux (who also was the narrator...
by Dan Mitchell | Jun 21, 2016 | Big Government, Blogs, Economics, Government Spending
Japan is the poster child for Keynesian economics. Ever since a bubble popped about 25 years ago, Japanese politician have adopted one so-called stimulus scheme after another. Lots of additional government spending. Plenty of gimmicky tax cuts. All of which were...
by Dan Mitchell | Jun 20, 2016 | Blogs, Economics, Free Market
I shared yesterday a remarkable TV show about Estonia’s entrepreneurial miracle. Today, let’s look at the Chilean version in the series. It shows how the South American nation, which now is ranked very high for economic freedom, is a shining example of how small...
by Dan Mitchell | Jun 19, 2016 | Blogs, Economics, Free Market
Communism is an evil system. Freedom is squashed and people are merely cogs in a system where government exercises total control over the economy and destroys the lives of ordinary people. It also erodes the social capital of a people, telling them that individual...
by Dan Mitchell | Jun 18, 2016 | Big Government, Blogs
There are many reasons why I don’t like the Paris-based Organization for Economic Cooperation and Development, an international bureaucracy that ostensibly represents the developed world but in reality is controlled by European welfare states. The main problem is that...
