by Dan Mitchell | Feb 14, 2019 | Big Government, Blogs, Economics, Socialism, Welfare and Entitlements
In Part I of our series on Socialism in the Modern World, we looked at the tragic story of Venezuela. Today, we’re going to look at what we can learn from the Nordic nations. And the first thing to understand, as I explain in this interview, is that these nations are...
by Dan Mitchell | Feb 13, 2019 | Big Government, Blogs, Economics, Socialism
With the surprising success of Senator Bernie Sanders in the last presidential race and the more-recent instant-celebrity status of Representative Alexandria Ocasio-Cortez, some are wondering if the United States is about to enter a “socialist era”. I’ve criticized...
by Dan Mitchell | Feb 10, 2019 | Blogs, Economics, Free Market
International development experts often write about a “middle-income trap.” According to this theory, it’s not that challenging for nations to climb out of poverty, but it’s difficult for them to take the next step and become rich countries. The theory makes sense to...
by Dan Mitchell | Feb 8, 2019 | Blogs, Economics
I did not like Bill Clinton’s 1993 class-warfare tax hike, and I also opposed Barack Obama’s 2012 fiscal-cliff tax increase on the so-called rich. But those were incremental measures. Today’s leftist politicians have much more grandiose schemes, such as 70 percent tax...
by Dan Mitchell | Feb 7, 2019 | Blogs, Economics, Trade
Donald Trump and other populist leaders frequently are condemned for undermining the “rules-based system” that is the basis of the “postwar order.” What exactly is meant by this criticism? In the case of Trump, is it disapproval of his protectionism? Yes, but that’s...
