by Brian Garst | Jun 12, 2015 | Blogs, Free Market
There’s always been a populist strain on the right that has distrusted free trade, blaming all manner of economic ills on globalization. I think they are fundamentally wrong. Free markets work and have made us increasingly prosperous. Government imposed limits...
by Dan Mitchell | Jun 4, 2015 | Big Government, Blogs, Economics, Free Market
Since almost everybody wants a society that is just, that presumably means we all favor “social justice.” But in the American political system, the phrase has been adopted by those who favor bigger government and more intervention. Sort of the way “solidarity” and...
by Dan Mitchell | May 3, 2015 | Blogs, Economics
Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some...
by Dan Mitchell | Apr 11, 2015 | Blogs, Economics, Free Market
Free trade is a good moral concept for the simple reason that politicians and bureaucrats should not be allowed to interfere with voluntary transactions between consenting adults. It’s also a good economic concept for the simple reason that protectionists can’t...
by Dan Mitchell | Apr 7, 2015 | Blogs, Economics, Free Market
What’s the most important factor for economic progress? There are several possible answers to that question. We can take a big-picture view and argue that the key is free markets and small government, and there certainly is lots of evidence in favor of this assertion...
