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The United States and Argentina: Divergence Followed by Convergence?

The United States and Argentina: Divergence Followed by Convergence?

by Dan Mitchell | May 23, 2025 | Blogs, Economics, Trade

Argentina has been an unfortunate member of the Anti-Convergence Club, having been featured once in 2018 and twice in 2023 (here and here). Today’s column will start by making Argentina a four-time member. As you can see from the chart (based...
What’s More Preposterous, a Sovereign Wealth Fund or a Strategic Crypto Reserve?

What’s More Preposterous, a Sovereign Wealth Fund or a Strategic Crypto Reserve?

by Dan Mitchell | Mar 4, 2025 | Big Government, Blogs, Government Spending

It is clear that Donald Trump’s worst policy is protectionism, but his silliest policy is more difficult to identify. Today, let’s consider two possible choices: Have the federal government borrow more money to create a “sovereign wealth fund.” Have the federal...
Cronyism Is Bad, Regardless of Which Party Is in Charge

Cronyism Is Bad, Regardless of Which Party Is in Charge

by Dan Mitchell | Jan 22, 2025 | Big Government, Blogs

Regular readers know I have a skeptical attitude about Donald Trump. His first term was a mix of good and bad policies and I expect a similar jumble of good and bad policies in his second term. Consider, for instance, the commonly held...
Paul Krugman Is Right…albeit Selectively and Hypocritically

Paul Krugman Is Right…albeit Selectively and Hypocritically

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...
Rubio’s Industrial Policy Claim Gets Fact-Checked

Rubio’s Industrial Policy Claim Gets Fact-Checked

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...
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