by Dan Mitchell | Jul 7, 2024 | Big Government, Blogs, Economics, Government Spending
I’ve written previously about Pakistan getting into trouble because government spending grew too fast over a multi-year period. And I also wrote about Kenya suffering economic problems for the same reason. Today, let’s look at the fiscal...
by Dan Mitchell | Jul 3, 2024 | Blogs, Economics, Free Market
Two years ago, I explained how the industrial revolution helped catapult the western world to unimaginable prosperity. Today, let’s build on that column by looking at some of the secondary benefits. We’ll start with a chart from Our World in Data showing a...
by Dan Mitchell | Jun 30, 2024 | Blogs, Economics
Over the past few years, I’ve repeatedly emphasized Milton Friedman’s insight that central banks deserve blame for inflation. To illustrate, here are two charts. The first chart shows the Federal Reserve’s balance sheet. If you focus...
by Dan Mitchell | Jun 25, 2024 | Blogs, Economics, Socialism
Communism is a terrible and evil system with a deadly track record. The bad news is that communism still exists, with the basket case of North Korea being an example of a country that has retained traditional Marxist socialism. The good...
by Dan Mitchell | Jun 22, 2024 | Blogs, Economics
Back in February, I debunked a Washington Post story that tried to portray Biden’s economy as being successful merely because the U.S. was out-performing Europe. That’s true, but hardly a big achievement. More important, that type of...
