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The 2024 IEF: Two Cheers for Western Civilization

The 2024 IEF: Two Cheers for Western Civilization

by Dan Mitchell | Sep 7, 2024 | Blogs, Economics, Europe, Free Market

It’s an annual tradition (2023, 2022, 2021…all the way back to 2010) to write about the Heritage Foundation’s Index of Economic Freedom. Since most people care about relative rankings, I’ll start with a look at the 25 nations that have the most...
Bolivia, Statism, and Stagnation

Bolivia, Statism, and Stagnation

by Dan Mitchell | Aug 26, 2024 | Big Government, Blogs, Economics, Socialism

When I write about South America, it’s almost always to cite developments in Chile, Argentina, and Venezuela. That’s because those countries clearly show, respectively, the consequences of good, bad, and terrible economic policies.* Today, though,...
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela

Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela

by Dan Mitchell | Aug 25, 2024 | Blogs, Economics, Free Market, Socialism

About 10 days ago, I showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and...
The Tweedledee and Tweedledum of Big Government?

The Tweedledee and Tweedledum of Big Government?

by Dan Mitchell | Aug 17, 2024 | Big Government, Blogs

In the words of Yogi Berra, the 2024 presidential race is “Deja vu all over again.” Except it is Kamala Harris and Donald Trump competing to make government bigger instead of Hillary Clinton and Donald Trump doing the same thing. Harris and Trump both...
Kamala Harris, Price Controls, and the Contest for the Dumbest Policy Proposal of 2024

Kamala Harris, Price Controls, and the Contest for the Dumbest Policy Proposal of 2024

by Dan Mitchell | Aug 16, 2024 | Blogs, Economics

As a Senator, Kamala Harris embraced all sorts of terrible ideas, such as the Green New Deal and Medicare for All. But she’s now disavowed those proposals in an attempt to make herself seem more reasonable. Trump, by contrast, is consistent. For...
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