by Dan Mitchell | Feb 2, 2018 | Blogs
The United States and other western nations became rich during the 1800s thanks to a combination of rule of law and very small government. Sadly, very few nations – most notably East Asian tiger economies – have become rich in the modern era. Yes, some other countries...
by Dan Mitchell | Nov 24, 2017 | Blogs, Economics, Free Market
One of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North America. I think the rest of the world has the right idea. After all, folks like Adam...
by Dan Mitchell | Apr 15, 2017 | Blogs, Economics
I wrote yesterday about the most recent OECD numbers on “Average Individual Consumption” in member nations. There was a very clear lesson in that data about the dangers of excessive government. The United States was at the top in this measure of household living...
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 | May 26, 2016 | Blogs, Economics, Free Market
Venezuela is falling apart. Decades of bad policy have produced economic stagnation and misery. On the other side of South America, Chile has enjoyed comparatively strong growth since reforms began in the 1980s. Can we learn lessons by comparing these two nations?...
