by Dan Mitchell | Mar 14, 2021 | Blogs, Economics
Over the years, I’ve shared many amusing memes and cartoons about minimum wage laws. But this one, based on a skit from The Eric Andre Show, may be the best of all. Not because it’s making a different point than the others, but because what...
by Dan Mitchell | Mar 13, 2021 | Blogs, Economics
Two years ago, I shared a study from three scholars that investigated whether membership in the European Union (EU) is associated with better economic performance. Before reading that study, I assumed that EU membership was bad news for rich countries with...
by Dan Mitchell | Mar 11, 2021 | Blogs, Economics
Exactly one month ago, I declared that Congresswoman Ayanna Pressley deserved an award for the “world’s most economically illiterate statement” because of her claim that “poverty is not naturally occurring.” In reality, poverty has been the norm throughout...
by Dan Mitchell | Mar 9, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
We have decades of real-world experience with Keynesian economics. The results are not pretty. It didn’t work for Hoover.It didn’t work for Roosevelt.It didn’t work for Japan.It didn’t work for Europe.It didn’t...
by Dan Mitchell | Mar 8, 2021 | Big Government, Blogs, Economics
I periodically write about the importance of long-run growth and about the importance of convergence (whether poorer countries are catching up with richer countries, as suggested by theory). This is because such data, especially over decades,...
