Poland’s Recovery from Socialism

Poland’s Recovery from Socialism

I was surprised to learn last year that Poland’s economy has out-performed China’s economy over the past three decades. Given the way free markets out-perform statism, I should have known this would be the result. Today, let’s take a closer look at how...
Japan Joins the Anti-Convergence Club

Japan Joins the Anti-Convergence Club

Economists assume that poor countries should grow faster than rich countries over time, a process known as convergence. It’s a reasonable theory, but only if poor countries and rich countries have similar levels of economic liberty. But that’s...