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Javier Milei and the Fourth Theorem of Government

Javier Milei and the Fourth Theorem of Government

by Dan Mitchell | May 19, 2025 | Blogs, Economics, Free Market

Back in 2017, I created my Fourth Theorem of Government in hopes of convincing timid Republicans that it would be politically beneficial to reduce the burden of government. My example was Ronald Reagan, who did things that seemed politically unpopular, such...
Creative Destruction and Economic Performance

Creative Destruction and Economic Performance

by Dan Mitchell | May 16, 2025 | Blogs, Economics, Free Market

Let’s start today’s column with a refresher look at my video on creative destruction. I had two goals with this video. First, creative destruction can be painful, but it is an inherent and necessary part of the growth process. Second, creative destruction happens from...
Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part III

Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part III

by Dan Mitchell | May 7, 2025 | Blogs, Flat Tax, Free Market, Taxation

I’m in Estonia as part of the Free Market Road Show, so this is a good opportunity for Part III of my series on that country’s rebound from communism. To follow up on Part I and Part II, let’s start with this Fraser Institute video. I’ve always...
2025’s Counter-Tweet of the Year?

2025’s Counter-Tweet of the Year?

by Dan Mitchell | Apr 22, 2025 | Blogs, Economics, Free Market

I thought I found the sure winner of the counter-tweet of the year back in February when @jmhorp debunked a silly and illiterate tweet from @ATLCWorker. The inescapable conclusion from that exchange was that capitalism is the best...
Economic Freedom and Broadly Shared Prosperity

Economic Freedom and Broadly Shared Prosperity

by Dan Mitchell | Mar 19, 2025 | Blogs, Free Market

In 2014, I dug through Census Bureau data to show that the well being of all income groups is closely correlated. More specifically, the incomes of all five quintiles (from the poorest 20 percent up to the richest 20 percent) tend to rise and fall together....
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