by Dan Mitchell | Apr 6, 2023 | Blogs, Free Market
Governments oftentimes are spectacularly incompetent. And when that happens, it creates an opening for the private sector to step up in rather unexpected ways. I’ve even created a semi-serious, semi-satirical series to commemorate these examples....
by Dan Mitchell | Mar 14, 2023 | Blogs, Economics, Free Market
The world’s freest economy is Singapore, followed closely by Switzerland. That’s according to the 2023 edition of the Heritage Foundation’s Index of Economic Freedom. The bad news is that there are only four nation that enjoy “free” economies....
by Dan Mitchell | Mar 13, 2023 | Blogs, Economics, Free Market, Socialism
Back in 2011, I shared a chart comparing economic growth in Chile, Argentina, and Venezuela between 1980 and 2008. My simple goal was to show that market-oriented nations enjoy very fast growth compared to nations with “mixed economies or socialist...
by Dan Mitchell | Feb 24, 2023 | Blogs, Economics, Free Market
I frequently call attention to the “anti-convergence club” because of the many real-world examples showing that nations with free markets and limited governments enjoy much better economic performance. Here are just a few case studies. North Korea vs...
by Dan Mitchell | Dec 9, 2022 | Big Government, Blogs, Economics, Free Market
As illustrated by the “anti-convergence club,” there is a very strong relationship between economic liberty and national prosperity. Simply stated, people enjoy much higher levels of income in nations where there’s more free enterprise and less...
