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A Visual Lesson about Economic Freedom

A Visual Lesson about Economic Freedom

by Dan Mitchell | May 28, 2016 | Blogs, Economics, Free Market

I’m in Marrakech where I just spoke about the importance of economic freedom and entrepreneurship. To close out my presentation, I zipped through several slides showing how nations with pro-market policies enjoy faster long-run growth than countries burdened by...
Three Cheers for Sweatshops, Creating Opportunity and Upward Mobility for the World’s Poor People

Three Cheers for Sweatshops, Creating Opportunity and Upward Mobility for the World’s Poor People

by Dan Mitchell | May 20, 2016 | Blogs, Economics, Free Market

From a leftist perspective, making lots of money is not necessarily a bad thing. Rich Hollywood celebrities almost always get a free pass, especially if they embrace statist beliefs. The crowd in Silicon Valley also is generally forgiven for being rich, perhaps...
Milton Friedman, Adam Smith, and Other People’s Money

Milton Friedman, Adam Smith, and Other People’s Money

by Dan Mitchell | May 9, 2016 | Blogs, Economics

From an economic perspective, too much government spending is harmful to economic performance because politicians and bureaucrats don’t have very good incentives to spend money wisely. More specifically, labor and capital will be misallocated because people in...
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...
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