by Dan Mitchell | Jul 25, 2024 | Blogs, Economics, Free Market
I wrote yesterday about an absurd example of media bias. A reporter for the New York Times authored a story about how people in the nation of Georgia supposedly miss communist enslavement. It was especially galling that the reporter repeatedly cited a radical Marxist,...
by Dan Mitchell | Jul 20, 2024 | Blogs, Economics, Free Market
While teaching in China last week, I shared this chart with students to emphasize the point that poverty has been the norm throughout human history. It was only a couple of hundred years ago that free markets emerged and parts of the...
by Dan Mitchell | Jul 3, 2024 | Blogs, Economics, Free Market
Two years ago, I explained how the industrial revolution helped catapult the western world to unimaginable prosperity. Today, let’s build on that column by looking at some of the secondary benefits. We’ll start with a chart from Our World in Data showing a...
by Dan Mitchell | May 17, 2024 | Blogs, Economics, Free Market, Socialism
From an economic perspective, the world is a laboratory and nations are experiments. Some countries show the wrong approach, while others serve as role models. Today, let’s look at the relative success of Lithuania, a small nation on the...
by Dan Mitchell | May 14, 2024 | Blogs, Economics, Free Market
Whenever I’m part of a debate about the merits of free markets, I ask my leftist opponent to respond to my never-answered question. Cite an example, I beg them, of big government producing prosperity. Inevitably, that person either dodges the question or...
