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...
by Dan Mitchell | Oct 3, 2024 | Blogs, Economics
I frequently cite a column I wrote in 2017 about how 1980-2010 was a reasonably good era for China, thanks to a bit of economic liberalization. My leftist friends will say that can’t be true because inequality increased during those decades. I respond...
by Dan Mitchell | Sep 30, 2024 | Blogs, Economics
If you want to rigorously assess a nation’s economic outlook, investigate how it is scored based on the dozens of variables included in Economic Freedom of the World and the Index of Economic Freedom. And also look at whether its overall score is...
