by Dan Mitchell | Jun 29, 2011 | Blogs, Economic Growth, Economics, Free Market
Here’s a new video, less than 2-1/2 minutes, pointing out some of the key differences between rich nations and poor nations. Not surprisingly, small government, free markets, and sound institutions are critical. I narrated a similar video, released more than two years...
by Dan Mitchell | Jun 5, 2011 | Big Government, Blogs, Economic Growth, Free Market
Regular readers know that I’m not a big fan of the international bureaucracies. I don’t like the International Monetary Fund because it encourages bad policy by bailing out nations such as Greece. I don’t like the Organization for Economic Cooperation and Development...
by Dan Mitchell | Jun 4, 2011 | Big Government, Blogs, Economics, Free Market, Welfare and Entitlements
The Economist magazine has a couple of good articles about Australia’s increasingly enviable economic status. Here’s a blurb from the first article, which outlines the pro-market reforms that enabled today’s prosperity. Only a dozen economies are bigger, and only six...
by Dan Mitchell | Mar 28, 2011 | Blogs, Economic Growth, Economics
Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively...
by Dan Mitchell | Mar 12, 2011 | Big Government, Blogs, Free Market
Having just done a blog post where I explained that government should stay neutral in fights between labor and management in the private sector, let’s look at a real-world example to understand why. The millionaire owners and millionaire players from the National...
