by Dan Mitchell | Aug 25, 2018 | Blogs, Economics
Stocks just set a new record for the longest “bull market” in history. If you’re an optimist, this is a reason to celebrate the relatively high level of economic freedom in the United States. If you’re a pessimist, you might appreciate that there’s more economic...
by Dan Mitchell | Aug 24, 2018 | Blogs, Economics, Free Market
Donald Trump wants to make protectionism great again. Bernie Sanders wants to make socialism great again. And if we continue with sarcastic headlines, Elizabeth Warren wants to make cronyism great again. She has a plan, which she explained in a column for the Wall...
by Dan Mitchell | Aug 23, 2018 | Blogs, Economics, Free Market
A key insight of international economics is that there should be “convergence” between rich countries and poor countries, which is just another way of saying that low-income nations – all other things being equal – should grow faster than high-income nations and...
by Dan Mitchell | Aug 22, 2018 | Blogs, Economics
The good news about China is that economic liberalization has produced impressive growth in recent decades, which has helped bring hundreds of millions of people out of poverty. The bad news is that China started from such a low position that per-capita income is...
by Dan Mitchell | Aug 16, 2018 | Blogs, Free Market
With the possible exception of a few extreme environmentalists, everyone agrees that robust long-run growth is a key to a better society. An unprecedented jump in growth, for instance, is what enabled the western world to escape poverty, resulting in the famous...
