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...
by Dan Mitchell | Mar 2, 2023 | Blogs
Most examples of Mitchell’s Law involve government passing a bad law (increase in minimum wage) that leads to a bad consequence (fewer jobs), which then becomes the excuse for a new bad law (job training programs). Sometimes, though, politicians don’t...
by Dan Mitchell | Dec 12, 2022 | Big Government, Blogs, Economics
One of my frustrations in life is that my friends on the left seem more interested in good intentions rather than good results. With regards to overall public policy, I challenge them with my “never-answered question” and they are unable to respond. With regards to...
