by Dan Mitchell | Aug 20, 2010 | Blogs, Economics, Free Market
The news that China has surpassed Japan as the world’s second-largest economy has generated a lot of attention. It shouldn’t. There are roughly 10 times as many people in China as there are in Japan, so the fact that total gross domestic product in China is now bigger...
by Dan Mitchell | Aug 15, 2010 | Big Government, Blogs, Economics, Free Market, Government Waste
Using road management as an example, John Stossel explains that government does a worse job than the private sector, even at things that theoretically are a government responsibility. Part of this is because of the profit motive, to be sure, but a big reason is...
by Dan Mitchell | Aug 10, 2010 | Blogs, Free Market, Health Care
John Goodman of the NCPA has a great article about how the current healthcare system is heavily distorted by government policies that result in people making decision with other people’s money (or at least what they perceive as other people’s money). The excerpt below...
by Dan Mitchell | Jul 28, 2010 | Blogs, Free Market, Health Care
Free markets are characterized by voluntary exchange between buyers and sellers. Mapping that relationship is absurdly simply, as this image indicates. Indeed, the only reason I even bothered to include that image was for purposes of comparison. Here is a new...
by Dan Mitchell | Jul 20, 2010 | Blogs, Free Market, Health Care
A major problem with America’s healthcare system, both before and after Obamacare, is the fact that consumers very rarely spend their own money when obtaining healthcare. Known as third-party payer, this problem exists in part because government directly finances...
