by Dan Mitchell | Dec 2, 2024 | Blogs
I like profits. But let me qualify that statement. I like profits that are the result of businesses providing goods and services that consumers value. Those profits are earned. By contrast, I don’t like it when businesses get in bed with government and...
by Dan Mitchell | Sep 4, 2024 | Big Government, Blogs, Economics
Four years ago, I shared a video that explained that 19th century cronyism and industrial policy in America was just as wasteful, corrupt, and ineffective as the 20th century version (think Japan) or the 21st century version...
by Dan Mitchell | Feb 16, 2024 | Blogs, Economics
A few years ago, I explained why Tucker Carlson was wrong to cite Hungary a role model. Today, let’s analyze why his (widely condemned) praise of Russia’s economy is utterly delusional. We’ll start with the big-picture comparison based on data from...
by Dan Mitchell | Jun 16, 2023 | Big Government, Blogs
I gladly defend profits. I even defend profits for big companies. But I usually include an all-important caveat that profits are only good if earned in a competitive marketplace. At the risk of understatement, I get angry when big companies...
by Dan Mitchell | Apr 2, 2023 | Big Government, Blogs
At the risk of oversimplifying, here’s the three-sentence trajectory of Chinese economic policy. Crippling communist failure and suffering under Mao.Partial reform during the “Washington Consensus” era.Backsliding to more...
