by Dan Mitchell | Nov 28, 2019 | Blogs, Economics, Free Market, Socialism
By global standards, the United States is a bulwark of capitalism. Yes, government is too big and there’s far too much intervention, but we have enough private property and free enterprise to be ranked #5 for economic liberty. Which helps to explain why...
by Dan Mitchell | Nov 26, 2019 | Blogs, Economics, Free Market
I’m a big fan of Marco Rubio. The Florida Senator has been very good on some big issues and on some small issues. And he’s willing to fight important philosophical battles. No politician is perfect (for instance, Rubio defends sugar subsidies), so I’ve always judged...
by Dan Mitchell | Nov 6, 2019 | Blogs, Economics, Free Market
Last month, I criticized the New York Times for a very inaccurate attack against Chile’s successful pro-market reforms. The paper’s editorial asserted that only the rich have gained, a view that is utterly nonsensical and inaccurate. Indeed, I visited Chile about a...
by Dan Mitchell | Nov 5, 2019 | Big Government, Blogs, Economics, Free Market
Many libertarians support capitalism because of ethics and morality. Simply stated, they want an economic system based on voluntary exchange compared to statist alternatives (socialism, fascism, communism, etc) that rely on government coercion. I also like the...
by Dan Mitchell | Oct 29, 2019 | Blogs, Economics, Free Market
In early September, I wrote about how capital and labor are both necessary to create prosperity. Economists sometimes explain this with lots of jargon, referring to capital and labor as “factors of production” and pointing out how they are “complementary.” In ordinary...
