by Dan Mitchell | May 3, 2015 | Blogs, Economics
Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some...
by Dan Mitchell | May 2, 2015 | Big Government, Blogs
It’s not often that I disagree with the folks who put together the Wall Street Journal editorial page. For instance, they just published a great editorial on that cesspool of cronyism and corruption that is otherwise known as the Export-Import Bank. Isn’t it great...
by Dan Mitchell | May 1, 2015 | Big Government, Blogs, Government Spending, Taxation
For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China...
by Dan Mitchell | Apr 30, 2015 | Big Government, Blogs, Bureaucracy
Economists generally like competition because it promotes economic efficiency, more prosperity, lower prices, and higher wages. But some types of competition can be misguided. For instance, Americans used to dominate membership in the Bureaucrat Hall of Fame. Now,...
by Dan Mitchell | Apr 29, 2015 | Big Government, Blogs, Crime, Society, Welfare and Entitlements
I wrote back in 2010 that riots in Europe were a harbinger of future unrest in the United States. Given the chaos in Baltimore, I’m tempted to claim profound wisdom and great foresight. But I’ll reluctantly confess that my main point five years ago was to warn about...
