by Dan Mitchell | Aug 8, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
Our friends on the left who want more government spending generally have a short-run argument and a long-run argument. In the short run, they assert that more government spending can stimulate a weak economy. This is typically known as Keynesian...
by Dan Mitchell | Aug 1, 2021 | Blogs, Economics
China is not going to surpass the United States as the world’s dominant economy. As I first wrote back in 2010, China is a paper tiger. Yes, there was some pro-market reform last century, which helped reduce mass poverty, but China only took...
by Dan Mitchell | Jul 7, 2021 | Blogs, Economics
I’ve written nearly 6,100 columns for International Liberty, but only one of those columns has focused on Lebanon. That was back in 2018, when I explained how the nation could have avoided a fiscal crisis with a spending cap. Now it’s time to once...
by Dan Mitchell | Jul 6, 2021 | Blogs, Health Care
Programs such as Medicare and Medicaid, along with the tax code’s healthcare exclusion, have created a system where consumers directly pay for only about 10 percent of the care they receive. We think it’s normal and appropriate for either the...
by Dan Mitchell | Jul 5, 2021 | Big Government, Regulations
Most people say the key feature of capitalism is competition. Hard to argue with that characterization, but I would go one step further and say that it is one of the consequences of competition – “creative destruction” – that best captures why free markets...
