by Dan Mitchell | May 21, 2019 | Blogs, Economics
Looking at issues such as mobility, fairness, and inequality, I’ve recently shared excellent videos from Russ Roberts and John Stossel. I also had an opportunity to discuss these issues yesterday on CNBC. As you can see, I started with a political observation about...
by Dan Mitchell | May 20, 2019 | Blogs, Economics
In the debate over “fairness,” my statist friends mistakenly see the economy as a fixed pie. This leads them to claim that rich people are rich because poor people are poor. But there’s no data to support this position (other than in kleptocracies such as Venezuela...
by Dan Mitchell | May 12, 2019 | Blogs, Economics
Because they wrongly assume the economy is a fixed pie, some of my friends on the left think it’s bad for there to be rich people. They actually think that must mean the rest of us have less income. But that’s not true. At least it’s not accurate if we start with the...
by Dan Mitchell | May 5, 2019 | Blogs
I wish my leftist friends understood the Laffer Curve. I also wish they understood the downsides of artificially low interest rates. And the Rahn Curve. And comparative advantage. But perhaps more than anything else, I wish they understood that poor people aren’t poor...
by Dan Mitchell | Jan 11, 2019 | Blogs, Economics
Today is my last day in Chile, so today’s column will build upon what I wrote last week. I have three charts that illustrate how Chile’s pro-market reforms have been great news – especially for poor people (or, to be more accurate, for Chileans who used to be poor)....
