by Dan Mitchell | Jul 23, 2023 | Blogs, Economics
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...
by Dan Mitchell | Jul 20, 2023 | Big Government, Blogs, Economics, Europe, Welfare and Entitlements
Part I of this series reviewed some data about the United States growing much faster than the welfare states of the European Union. Part II of the series looked at some very depressing data about the European Union losing ground compared to the United States, even...
by Dan Mitchell | Jul 15, 2023 | Blogs, Economics, Free Market
There is a recipe for achieving growth and prosperity and I used a grade-point-average analogy earlier this year to explain why it is important to get all the ingredients correct. Let’s look at some empirical data. I wrote back in March about the Heritage...
by Dan Mitchell | Jul 13, 2023 | Blogs, Economics
Since I write every year about the Heritage Foundation’s Index of Economic Freedom, it’s a no-brainer to also share this video from John Stossel. There’s a lot of useful information and analysis. Though some of it is rather depressing. The United States...
by Dan Mitchell | Jul 3, 2023 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
The economic analysis of taxation has plenty of jargon, statistical analysis, and complicated graphs, which can make it seem very mysterious to ordinary people. But the core principles are actually very easy to understand. Simply stated,...
