by Dan Mitchell | Apr 18, 2024 | Blogs, Economics, Free Market
I’ve periodically tried to explain that even small differences in long-run growth can lead to immense benefits, including huge reductions in poverty. To illustrate the importance of higher growth rates, I sometimes inform audiences that...
by Dan Mitchell | Nov 10, 2023 | Big Government, Blogs, Europe
In economics, convergence theory is the common-sense observation that poor countries – in general – should grow faster than rich countries. But a general principle sometimes has exceptions, and that’s why I put together my anti-convergence club. If you...
by Dan Mitchell | Nov 4, 2023 | Blogs, Free Market
Other than believing in Israel’s right to self-defense (as I wrote back in 2010, “What would you do if you were an Israeli?”), I don’t have any special insights about the conflict in the Middle East. But I am willing to pontificate about economic policy in...
by Dan Mitchell | Oct 26, 2023 | Blogs, Economic Growth
Why is Argentina’s presidential election the most important political contest of 2023? For the simple reason that Argentina’s economy is the biggest tragedy of the past 100 years. Reversing the country’s decline is a major challenge....
by Dan Mitchell | Sep 21, 2023 | Big Government, Blogs, Economics
Russia’s government has been appropriately criticized for invading Ukraine, but let’s focus today on Putin’s economic mismanagement. I’m motivated by this tweet from a professor at the University of Chicago. He points out that Russians were richer than...
