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Is “Capitalism” a Dirty Word and “Liberal” a Good Word?

Is “Capitalism” a Dirty Word and “Liberal” a Good Word?

by Dan Mitchell | May 1, 2016 | Blogs, Economics, Socialism

I’m a proud advocate and defender of capitalism for the simple reason that it is a system that is consistent with human freedom while also producing mass prosperity that was unimaginable for much of human history. Jurisdictions that embrace capitalism enjoy great...

Hong Kong and the Miracle of Compounding Long-Run Growth

by Dan Mitchell | Mar 11, 2016 | Blogs, Economics, Free Market

Hong Kong is a truly remarkable jurisdiction. Can you name, after all, another government in the world that brags about how little it spends on redistribution programs andhow few people are dependent on government? And how many jurisdictions adopt private Social...

New Rankings Reveal How Obamanomics Is Undermining American Competitiveness

by Dan Mitchell | Feb 2, 2016 | Blogs, Economics, Free Market

The Index of Economic Freedom, my favorite Heritage Foundation publication, wasreleased today. As one might predict, Hong Kong once again ranks as the jurisdiction with the most liberty to engage in mutually beneficial exchange, followed by Singapore. Other highly...

A Reaganesque Recipe to Reinvigorate China’s Economy?

by Dan Mitchell | Jan 12, 2016 | Blogs, Economics, Free Market

The long-term trend in China is positive. Economic reforms beginning in the late 1970s have helped lift hundreds of millions of people out of abject poverty. And thanks to decades of strong growth, living standards for ordinary Chinese citizens are far higher than...
Free Markets Are the Way to Create Prosperity, Not Foreign Aid

Free Markets Are the Way to Create Prosperity, Not Foreign Aid

by Dan Mitchell | Jan 2, 2016 | Blogs, Economics, Free Market

There are many reasons why I’m not a big fan of the United Nations. Like other international bureaucracies, it supports statist policies (higher taxes, gun control, regulation, etc) that hinder economic development and limit human liberty by increasing the burden of...
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