by Dan Mitchell | Dec 14, 2021 | Blogs, Economics, Free Market, Socialism
If you want visual proof of Chile’s “improbable success,” this chart tells you everything you need to know. Thanks to free-market reforms in the 1980s and 1990s, growth exploded, Chile became the Latin Tiger and poverty plummeted. It’s remarkable how...
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 | Oct 6, 2021 | Blogs, Free Market
Don Boudreaux, Deirdre McCloskey, and Dan Hannan have all explained how capitalism enabled mass prosperity after endless stagnation and poverty. There’s a similar message in this video from Kite & Key Media. The most relevant parts start...
by Dan Mitchell | Oct 3, 2021 | Big Government, Blogs, Free Market
Economists of all types agree with “convergence theory,” which is the notion that poor countries should grow faster than rich countries. Though they are usually wise enough to also say “ceteris parisbus,” which means the theory applies if other variables are...
by Dan Mitchell | Sep 23, 2021 | Big Government, Blogs
Two years ago, I wrote that China needed to choose between “Statism and Stagnation or Reform and Prosperity.” Sadly, as I noted last month in Part I of this series, it seems that President Xi is opting for the former. Which is unfortunate since...
