by Dan Mitchell | Nov 11, 2018 | Blogs, Economics, Free Market
I periodically explain that labor and capital are the two factors of production and that our prosperity depends on how efficiently they are allocated. But I probably don’t spend enough time highlighting how they are complementary, meaning that workers and capitalists...
by Dan Mitchell | Oct 24, 2018 | Blogs, Economics, Free Market
My favorite publication every year is Economic Freedom of the World. It’s filled with data on fiscal policy, regulatory policy, trade policy, monetary policy, and quality of governance for 162 jurisdictions, and it provides an unbiased way of gauging the degree to...
by Dan Mitchell | Oct 1, 2018 | Blogs, Economics, Free Market
Over the years, I’ve felt compelled to “debunk” various articles, columns, and speeches that fundamentally misrepresented and/or misunderstood key economic issues. A partial list includes Keynesian economics, the Laffer Curve, Obama tax propaganda, Elizabeth Warren’s...
by Dan Mitchell | Sep 27, 2018 | Blogs, Economics, Free Market
Since I’ve been writing a column every day since 2010, you can imagine that there are some days where that’s a challenge. But not today. The Fraser Institute has released a new edition of Economic Freedom of the World, which is like a bible for policy wonks. So just...
by Dan Mitchell | Sep 16, 2018 | Blogs, Economics
I periodically explain that pro-market policies are the best way of helping poor people. The reason rich countries are rich is because they had lengthy periods of limited government, free markets, and the rule of law. And the convergence literature shows that the same...
