by Dan Mitchell | Mar 30, 2015 | Blogs, Economics, Free Market
There’s a “convergence” theory in economics that suggests, over time, that “poor nations should catch up with rich nations.” But in the real world, that seems to be the exception rather than the rule. There’s an interesting and informative article at the St. Louis...
by Dan Mitchell | Feb 19, 2015 | Blogs, Economics, Free Market
Several months ago, I put forth a two-question challenge for our left-wing friends. Since they relentlessly insist that we can have bigger government, higher taxes, more regulation, and added intervention without any negative impact on economic performance, I asked...
by Dan Mitchell | Dec 3, 2014 | Big Government, Blogs, Economics, Free Market, Tax Competition, Tax Harmonization, Taxation
The United States is burdened with some very bad policies that hinder growth and undermine competitiveness. But sometimes you can win a race if your rivals have policies that are even more self-destructive. And that’s a good description of why the U.S. economy is...
by Dan Mitchell | Nov 27, 2014 | Big Government, Blogs, Economics, Free Market
Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism. And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government. Well, if you combine those concepts,...
by Dan Mitchell | Nov 12, 2014 | Big Government, Blogs, Economics, Free Market
Some of my left-wing friends have groused that Democrats didn’t do well in the mid-term elections because they failed to highlight America’s strong economic performance. I’m tempted to ask “what strong economic performance?!?” After all, median household income...
