by Dan Mitchell | Sep 16, 2018 | Blogs, Economics
I periodically explain that pro-market policies are the best way of helping poor people. The reason rich countries are rich is because they had lengthy periods of limited government, free markets, and the rule of law. And the convergence literature shows that the same...
by Dan Mitchell | Sep 13, 2018 | Big Government, Blogs
Ever since 2010, I’ve been pointing out that Venezuela is a horrifying and tragicexample of what happens when the private sector in a country is almost completely suffocated by excessive government. And with the country now in a death spiral, you would think it’s a...
by Dan Mitchell | Aug 30, 2018 | Blogs, Economics, Free Market
Whether I’m writing about a rich country or a poor country, my research starts with a visit to Economic Freedom of the World. Published by the Fraser Institute in Canada, EFW uses five major factors (fiscal, regulatory, monetary, trade, and quality of governance) to...
by Dan Mitchell | Aug 24, 2018 | Blogs, Economics, Free Market
Donald Trump wants to make protectionism great again. Bernie Sanders wants to make socialism great again. And if we continue with sarcastic headlines, Elizabeth Warren wants to make cronyism great again. She has a plan, which she explained in a column for the Wall...
by Dan Mitchell | Aug 23, 2018 | Blogs, Economics, Free Market
A key insight of international economics is that there should be “convergence” between rich countries and poor countries, which is just another way of saying that low-income nations – all other things being equal – should grow faster than high-income nations and...
