by Dan Mitchell | Sep 7, 2024 | Blogs, Economics, Europe, Free Market
It’s an annual tradition (2023, 2022, 2021…all the way back to 2010) to write about the Heritage Foundation’s Index of Economic Freedom. Since most people care about relative rankings, I’ll start with a look at the 25 nations that have the most...
by Dan Mitchell | Aug 25, 2024 | Blogs, Economics, Free Market, Socialism
About 10 days ago, I showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and...
by Dan Mitchell | Aug 14, 2024 | Blogs, Economics, Free Market
I’ve repeatedly praised Chile’s pro-market reforms (see here, here, and here) and I’ve repeatedly condemned Venezuela’s shift to socialism (see here, here, and here). But if you don’t have time to read all those columns, this chart from...
by Dan Mitchell | Aug 5, 2024 | Blogs, Economics, Free Market
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser...
by Dan Mitchell | Jul 26, 2024 | Blogs, Economics, Free Market
For the final installment in this series (the first three parts can be viewed here, here, and here), let’s start with a video from Prager University. I like the video for the selfish reason that it matches my 2019 analysis. At the risk of over-simplification,...
