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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...

If We Want Prosperity, Prices Should Be Determined by Markets Rather than Politicians

by Dan Mitchell | Nov 7, 2015 | Blogs, Economics, Free Market

The communist economic system was a total disaster, but it wasn’t because of excessive taxation. Communist countries generally didn’t even have tax systems. The real problem was that communism was based on central planning, which is the notion that supposedly wise...

Profound Thoughts from the Left: Up Is Down, Night Is Day, and Capitalism Is Coercion

by Dan Mitchell | Oct 15, 2015 | Blogs, Economics, Free Market

A couple of days ago, I (sort of) applauded Senator Bernie Sanders. Not for his views, which are based on primitive redistributionism, but because he challenged Republicans to state whether they support capitalism. And I think it would be very revealing to see which...
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