by Dan Mitchell | Jul 11, 2015 | Big Government, Blogs, Economics, Free Market
When I first got to Washington in the mid-1980s, one of the big issues was the supposedly invincible Japanese economy. Folks on the left claimed that Japan was doing well because the government had considerable power to micro-manage the economy with industrial policy....
by Dan Mitchell | Jun 30, 2015 | Blogs, Economics, Free Market
Folks on the left sometimes act as if the Nordic nations somehow prove that big government isn’t an impediment to prosperity. As I’ve pointed out before, they obviously don’t spend much time looking at the data. So let’s give them a reminder. Here are the rankings...
by Dan Mitchell | Jun 16, 2015 | Blogs, Economics, Free Market
The proper view on inequality is that it doesn’t matter. That assumes, of course, that people are earning their income honestly rather than via government-enabled cronyism. To elaborate, some people will become rich in a system of honest and competitive markets, but...
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...
