by Dan Mitchell | Oct 31, 2021 | Big Government, Blogs, Economics, Socialism
Thanks to socialism, Venezuela is a basket case. This video from John Stossel asks if the United States can and should learn from this bad example. The easy answer is yes. Indeed, you can click here and here to get 56 examples of why we...
by Dan Mitchell | Aug 23, 2021 | Blogs, Economics, Free Market
I’ve made the case for capitalism (Part I, Part II, Part III, Part IV, and Part V) and the case against socialism (Part I, Part II, and Part III), while also noting that there’s a separate case to be made...
by Dan Mitchell | Aug 11, 2021 | Big Government, Blogs, Economics, Socialism
When I share examples of socialism humor and communism humor, I sometimes wonder whether we should laugh about ideologies that have imposed so much death and misery on the world. For instance, I’ve shared some jokes about...
by Dan Mitchell | Jul 31, 2021 | Blogs, Free Market
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations. This means that we can learn important lessons by looking at examples of “divergence,” and I...
by Dan Mitchell | Jul 27, 2021 | Big Government, Blogs
When writing about economic policy in Latin America, Chile gets lots of attention because it’s a remarkable story of success. Similarly, Venezuela gets lots of attention because it’s a remarkable story of failure (with Argentina also deserving...
