by Dan Mitchell | Oct 3, 2021 | Big Government, Blogs, Free Market
Economists of all types agree with “convergence theory,” which is the notion that poor countries should grow faster than rich countries. Though they are usually wise enough to also say “ceteris parisbus,” which means the theory applies if other variables are...
by Dan Mitchell | Jul 26, 2021 | Blogs, Economics, Socialism
I like cross-country comparisons – such as North Korea vs South Korea and East Germany vs. West Germany – because they can be very informative when comparing the results of socialism vs. markets. One of the most dramatic examples is Cuba vs....
by Dan Mitchell | Jul 20, 2021 | Blogs, Economics, Socialism
Weird items sometimes show up in my inbox, and this clip from Nikole Hannah-Jones (creator of the academically shoddy 1619 Project) definitely qualifies. She actually cites the economic wasteland of Cuba as a role model for equality. Ms. Hannah-Jones...
by Dan Mitchell | Feb 26, 2020 | Blogs, Economics, Socialism
Last week, I shared a 24-question quiz that ostensibly determines whether you’re a communist. Though it might be just as accurate to ask one simple question: Do you have warm feelings about the Marxist dictatorship in Cuba? On that basis, Bernie Sanders fails. At...
by Dan Mitchell | Jan 28, 2020 | Blogs, Economics, Free Market
Back in 2014, I compared Hong Kong’s amazing growth with Cuba’s pitiful stagnation and made the obvious point that free markets and limited government are the right recipe for prosperity. Especially if you care about improving the lives of the less fortunate....
