by Dan Mitchell | Jul 30, 2024 | Blogs, Economics, Socialism
What’s the most unfortunate country in the world? North Korea? Zimbabwe? Cuba? Those are three good answers, but another option is Venezuela. Just a few decades ago, it was the richest nation in Latin America and life seemed very nice. But then the...
by Dan Mitchell | Jul 28, 2024 | Big Government, Blogs
He’s only been in office since late last year, but President Javier Milei of Argentina is doing an amazing job, dramatically reducing inflation in a very short time. And he’s also significantly reduced the burden of government spending, leading to...
by Dan Mitchell | Jul 24, 2024 | Blogs, Economics, Socialism, Uncategorized
As part of my 100-tragic-years-of-communism series in 2017, I wrote a column about dupes and apologists for Soviet tyranny, as well as a column mocking economists who thought communism was producing good results. The worst part of...
by Dan Mitchell | Jun 22, 2024 | Blogs, Economics
Back in February, I debunked a Washington Post story that tried to portray Biden’s economy as being successful merely because the U.S. was out-performing Europe. That’s true, but hardly a big achievement. More important, that type of...
by Dan Mitchell | May 20, 2024 | Blogs, Economics
A big problem for Joe Biden, as I’ve repeatedly noted, is that families are on an economic treadmill. Simply stated, inflation has been climbing as fast (or sometimes faster) than wages. That’s not a recipe to make a politician popular. Now...
