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Income Mobility and Middle Class Prosperity

Income Mobility and Middle Class Prosperity

by Dan Mitchell | Nov 20, 2018 | Blogs, Economic Growth, Economics

I generally don’t write much about the distribution of income (most-recent example from 2017), largely because that feeds into the false notion that the economy is a fixed pie and that politicians should have the power to re-slice if they think incomes aren’t...
Shoddy Oxfam Study on Inequality Puts Greece, Afghanistan, and Zimbabwe Ahead of Singapore

Shoddy Oxfam Study on Inequality Puts Greece, Afghanistan, and Zimbabwe Ahead of Singapore

by Dan Mitchell | Oct 13, 2018 | Big Government, Blogs, Welfare and Entitlements

Imagine being a poor person and getting to choose your country. Which one would you select? The answer probably depends on your goals in life. If you want to emulate “Lazy Robert” and be a moocher, you could pick Denmark. You’ll surely get more than enough money to...
What Motivates the Left, Disdain for the Rich or a Desire to Help the Poor?

What Motivates the Left, Disdain for the Rich or a Desire to Help the Poor?

by Dan Mitchell | Sep 26, 2018 | Blogs, Trade

I’m happy to discuss theory when debating economic policy, but I mostly focus on real-world evidence. That’s because my friends on the left always have a hard time answering my two-question challenge, which simply asks them to name one success story for big...
One Image that Underscores Why Growth Is the Most Effective Way to Help the Poor

One Image that Underscores Why Growth Is the Most Effective Way to Help the Poor

by Dan Mitchell | Sep 15, 2018 | Blogs, Economics

I’ve repeatedly argued that faster growth is the only effective way of helping the less fortunate. Class warfare and redistribution, by contrast, are not effective. Such policies are based on the fallacy that the economy is a fixed pie, and proponents of this view...
The IMF Proposes (again) to Sabotage China’s Economy

The IMF Proposes (again) to Sabotage China’s Economy

by Dan Mitchell | Aug 22, 2018 | Blogs, Economics

The good news about China is that economic liberalization has produced impressive growth in recent decades, which has helped bring hundreds of millions of people out of poverty. The bad news is that China started from such a low position that per-capita income is...
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