by Dan Mitchell | Aug 3, 2019 | Blogs, Economics, Free Market
Back in 2014, I shared two videos – one narrated by Deirdre McCloskey and the other narrated by Don Boudreaux – explaining how the world went from near-universal poverty to mass prosperity (at least in the nations that embraced free markets and the rule of law)....
by Dan Mitchell | Jul 29, 2019 | Blogs, Economics, Keynesian
Earlier this month, I commented on a Wall Street Journal report that expressed puzzlement about some sub-par economic numbers in America even though politicians were spending a lot more money. I used the opportunity to explain that this shouldn’t be a mystery....
by Dan Mitchell | Jul 27, 2019 | Blogs, Trade
As I explained last year, Trump is right and wrong about China and trade. He’s correct that China doesn’t play fair, but he mistakenly fixates on the trade deficit rather than going after China’s subsidies and cronyism. And, as I note in this brief interview from...
by Dan Mitchell | Jul 26, 2019 | Blogs, Economics, Socialism
Cuba has a very sad history. It traded a regular dictatorship for a communist dictatorship six decades ago, and the results have been predictably awful. Oppression, persecution, rationing, spying, deprivation, and suffering are facts of life in that socialist...
by Dan Mitchell | Jul 25, 2019 | Blogs, Economics, Free Market
I’ve applauded China’s economic progress. It’s economic liberty score jumped from 3.64 in 1980 to 6.46 in the most recent edition of Economic Freedom of the World. That shift toward markets (which started in a village) helped to dramatically reduce poverty and turn...
