by Dan Mitchell | Jul 25, 2019 | Blogs, Economics, Free Market
I’ve applauded China’s economic progress. It’s economic liberty score jumped from 3.64 in 1980 to 6.46 in the most recent edition of Economic Freedom of the World. That shift toward markets (which started in a village) helped to dramatically reduce poverty and turn...
by Dan Mitchell | Jul 12, 2019 | Blogs, Economics
I’ve just finished up a week of teaching at Northeastern University in Shenyang, China. I mostly taught public finance and explained issues such as marginal tax rates, double taxation, the Rahn Curve, the Laffer Curve, and the fiscal implications of demographic...
by Dan Mitchell | May 9, 2019 | Blogs, Trade
When I want to feel optimistic about China, I look at data from Economic Freedom of the World to confirm that there was a lot of economic liberalization (triggered in part by some civil disobedience) between 1980 and the early 2000s. Then I look at how that period of...
by Dan Mitchell | May 9, 2019 | Opinion and Commentary
Originally published by Inside Sources on May 8, 2019. President Donald Trump has launched a new attack in his trade war with China, which earned a big thumbs-down from financial markets. Is it possible, though, that his bluster will produce a good long-run deal to...
by Dan Mitchell | Apr 17, 2019 | Blogs, Economics, Socialism
Every Thanksgiving, I share the story of how the Pilgrims nearly starved to death because of their experiment with collectivized agriculture. Once the settlers shifted to a system based on private ownership, however, their problems disappeared. The obvious moral of...
