by Dan Mitchell | Oct 18, 2024 | Blogs, Economics, Free Market
Five years ago, I defended the “Washington Consensus” of the 1980s and 1990s. …the “Washington Consensus”…was a term that was used to describe the kind of policy advice in those days provided to (or imposed upon) the developing world by the IMF, World Bank,...
by Dan Mitchell | Oct 17, 2024 | Blogs, Economics, Free Market
The newest edition of Economic Freedom of the World has been released by the Fraser Institute and I will continue my tradition (2023, 2022, 2021, 2020, 2019, etc) of sharing the big-picture highlights. I normally start by...
by Dan Mitchell | Oct 13, 2024 | Blogs, Economics, Europe
I worry about public policy in the United States. It’s gotten worse in recent decades and I worry it will get worse in the future. But there are not many better alternatives. A few small countries allow more economic liberty, such as Singapore and...
by Dan Mitchell | Oct 9, 2024 | Blogs, Economics, Supply Side, Taxation
Some folks on the left say the Laffer Curve is a fantasy concocted by economic charlatans. Some folks on the right say the Laffer Curve is real and that all tax cuts are self-financing. Both are wrong. When I talk to folks on the left, I tell them...
by Dan Mitchell | Oct 5, 2024 | Blogs, Economics
Industrial policy is when politicians and bureaucrats use various combinations of tax, spending, and regulatory policies to steer the economy. In other words, they are putting their thumbs on the scale to pick winners and losers. It means replacing the...
