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...
by Dan Mitchell | Oct 12, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
One of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity of quality of labor and capital. These “factors of production” are combined to generate national income. I frequently grouse that punitive tax...
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...
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...
by Dan Mitchell | Aug 3, 2018 | Big Government, Blogs, Welfare and Entitlements
Last September, I shared some very encouraging data showing how extreme poverty dramatically has declined in the developing world. And I noted that this progress happened during a time when the “Washington Consensus” was resulting in “neoliberal” policies (meaning...
