by Dan Mitchell | May 23, 2019 | Blogs, Economics, Free Market
I’m in Sydney, Australia, but not because I’m confirming that this country will be my escape option if (when?) the United States suffers a Greek-style fiscal collapse. Instead, I’m Down Under for the annual Friedman Conference. This gives me an excuse to write about...
by Dan Mitchell | May 16, 2019 | Blogs, Economics
I shared a video last year that pointed out that Americans live in a nation that became prosperous thanks to “creative destruction.” That’s the term developed by Joseph Schumpeter to describe the economic churning caused by competition, innovation, and markets...
by Dan Mitchell | May 14, 2019 | Blogs, Economics, Free Market
Just last month, I wrote about Argentina’s grim economic outlook and criticized the supposed right-of-center President, Mauricio Macri, for failing to deliver any meaningful economic liberalization. And reform is desperately needed. According to Economic Freedom of...
by Dan Mitchell | May 12, 2019 | Blogs, Economics
Because they wrongly assume the economy is a fixed pie, some of my friends on the left think it’s bad for there to be rich people. They actually think that must mean the rest of us have less income. But that’s not true. At least it’s not accurate if we start with the...
by Dan Mitchell | May 9, 2019 | Blogs, Trade
When I want to feel optimistic about China, I look at data from Economic Freedom of the World to confirm that there was a lot of economic liberalization (triggered in part by some civil disobedience) between 1980 and the early 2000s. Then I look at how that period of...
