by Dan Mitchell | Aug 28, 2015 | Blogs, Free Market
At the risk of stereotyping, the Chinese people are remarkably productive when given the chance. Hong Kong and Singapore are dominated by ethnic Chinese, and those jurisdictions routinely rank among the world’s top economies. Taiwan is another high-performing economy...
by Dan Mitchell | Aug 27, 2015 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Why are many developed nations facing long-run fiscal crisis according to long-run estimates from the IMF, BIS, and OECD? Poorly designed entitlement programs are a big part of the answer, with the United States being an unfortunate example of how fiscal systems...
by Dan Mitchell | Aug 25, 2015 | Big Government, Blogs, Economics, Regulations
This century has not been good news for economic liberty in the United States. According to Economic Freedom of the World, America has dropped from being the 3rd-freest economy of the world in 2001 to the 12th-freest economy in themost recent rankings. Perhaps more...
by Dan Mitchell | Aug 23, 2015 | Blogs, Economics
What’s the biggest economic fallacy on the left? What’s the defining mistake for our statist friends? One obvious answer is that many of them hold the anti-empirical belief that the economy is a fixed pie and that one person can’t climb the economic ladder unless...
by Dan Mitchell | Aug 19, 2015 | Blogs, Economics, Free Market
I’m a huge fan of the Fraser Institute’s Economic Freedom of the World. I always share the annual rankings when they’re released and I routinely cite EFW measures when writing about individual countries. But even a wonky economist like me realizes that there is more...
