by Dan Mitchell | Sep 29, 2024 | Big Government, Blogs, Economics, Socialism
Since I’m a numbers wonk, I think the most powerful evidence for the failure of Cuban socialism is comparing that nation’s growth (or lack thereof) to what’s happened in Taiwan and (pre-crackdown) Hong Kong. They all had similar levels of...
by Dan Mitchell | Aug 31, 2024 | Blogs
As an economist, I’m very tempted to say that Ronald Reagan‘s greatest achievement was America’s economic rejuvenation. He had a very impressive list of accomplishments, including lower tax rates, spending restraint, and getting inflation...
by Dan Mitchell | Jul 26, 2024 | Blogs, Economics, Free Market
For the final installment in this series (the first three parts can be viewed here, here, and here), let’s start with a video from Prager University. I like the video for the selfish reason that it matches my 2019 analysis. At the risk of over-simplification,...
by Dan Mitchell | Jul 24, 2024 | Blogs, Economics, Socialism, Uncategorized
As part of my 100-tragic-years-of-communism series in 2017, I wrote a column about dupes and apologists for Soviet tyranny, as well as a column mocking economists who thought communism was producing good results. The worst part of...
by Dan Mitchell | Jun 25, 2024 | Blogs, Economics, Socialism
Communism is a terrible and evil system with a deadly track record. The bad news is that communism still exists, with the basket case of North Korea being an example of a country that has retained traditional Marxist socialism. The good...
