by Dan Mitchell | Mar 2, 2021 | Blogs, Economics
The class-warfare crowd and tax lawyers don’t have a lot in common, but both groups oppose the flat tax. An even stranger unholy alliance involves the War on Drugs, which has the support of both the activists who despise drugs and the criminals who get rich...
by Dan Mitchell | Feb 26, 2021 | Blogs, Economics
I repeatedly write about the importance of economic growth, usually citing data about gross domestic product (GDP), which is defined as “a monetary measure of the market value of all the final goods and services produced in a specific time...
by Dan Mitchell | Feb 25, 2021 | Blogs, Economics
I’ve written many times about the spectacularly positive impact of pro-market reforms in Chile. The shift toward free markets, which began in the mid-1970s, was especially beneficial for the less fortunate (see here, here,...
by Dan Mitchell | Feb 24, 2021 | Big Government, Blogs, Economics, Government Spending
While it’s true that every penny in the budget requires money to be diverted from the economy’s productive sector, not all government spending is created equal when considering the impact on growth. Some types of spending, such as redistribution...
by Dan Mitchell | Feb 20, 2021 | Blogs, Economics
I have mixed feelings about China’s economic policies. During the 1950s, 1960s, and 1970s, China was horrifically impoverished because of socialist policies. According to the Maddison database, the country was actually poorer under communism...
