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...
by Dan Mitchell | Feb 19, 2021 | Big Government, Blogs, Economics, Regulations
When I did my final assessment of Trump’s economic record, I gave him credit for cutting red tape in some areas, but also noted that he increased government intervention in other areas. …there were some very positive moves on regulation, but they were partly...
by Dan Mitchell | Feb 14, 2021 | Big Government, Blogs, Economics, Socialism
Two years ago, I explained that socialism is an economic failure, regardless of how it is defined. In today’s follow-up column, let’s start with an excellent video from John Stossel. Before addressing the three myths mentioned in the video, it’s...
by Dan Mitchell | Feb 12, 2021 | Blogs, Economics
I repeatedly write about inequality, largely in hopes of helping people, especially my left-leaning friends, understand that we should instead focus on other issues, such as economic opportunity and poverty reduction. In other words, let’s try to...
by Dan Mitchell | Feb 11, 2021 | Blogs, Economics
Back in 2014, I shared two videos, one narrated by Prof. Don Boudreaux and the other narrated by Prof. Deirdre McCloskey, making the point that grinding poverty and material deprivation were the norm for most of human history. It wasn’t until capitalism...
