by Dan Mitchell | Jul 20, 2024 | Blogs, Economics, Free Market
While teaching in China last week, I shared this chart with students to emphasize the point that poverty has been the norm throughout human history. It was only a couple of hundred years ago that free markets emerged and parts of the...
by Dan Mitchell | Jul 18, 2024 | Blogs, Economics
I’ve been writing about China this week (see here and here) because I’m teaching economics at Northeastern University in Shenyang. But, regardless of my location, I probably would be writing about China this week anyhow because the country’s leadership has been having...
by Dan Mitchell | Jul 17, 2024 | Blogs, Economics
I wrote yesterday that I’m in China this week, teaching at Northeastern University in Shenyang. This gives me a good excuse to write a series of columns about Chinese economic policy. Our first entry was about demographics, which is a challenge in China (as well as...
by Dan Mitchell | Jul 13, 2024 | Blogs, Economics
Bidenomics has been a failure, as measured by variables such as poverty, subsidies, inflation, protectionism, household income, fiscal policy, red tape, and employment. But if asked to pick the most important problem for Biden...
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...
