by Dan Mitchell | Aug 15, 2015 | Big Government, Blogs
What’s the greatest economic tragedy in modern history? The obvious answer is communism, which produced tens of millions of needless deaths and untold misery for ordinary people. Just compare living standards in North Korea and South Korea, or Chile and Cuba. But if...
by Dan Mitchell | Jul 5, 2015 | Big Government, Blogs, Economics, Monetary Policy, Regulations
I appreciate tax havens for many reasons, mostly having to do with the importance of having some sort of external constraint on the tendency of politicians to over-tax and over-spend. But I also like these low-tax jurisdictions for non-tax reasons. And high on my list...
by Dan Mitchell | Jun 28, 2011 | Blogs, Uncategorized
Okay, the title of this post is a huge overstatement. I’ve already noted here that Argentina is not a good role model and warned here how that Obama is repeating many of the mistakes that undermined Argentinian prosperity. But I’m nonetheless impressed that Argentina...
by Dan Mitchell | Apr 19, 2011 | Big Government, Blogs, Economics
After reading below about Argentina’s decline, several people have emailed to ask how Chile compares. Ask and ye shall receive. This post from last month shows shows Chile, Argentina, and Venezuela. Very powerful, which is why I gave the post such a grandiose title....
by Dan Mitchell | Mar 28, 2011 | Blogs, Economic Growth, Economics
Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively...
