by Dan Mitchell | Aug 14, 2024 | Blogs, Economics, Free Market
I’ve repeatedly praised Chile’s pro-market reforms (see here, here, and here) and I’ve repeatedly condemned Venezuela’s shift to socialism (see here, here, and here). But if you don’t have time to read all those columns, this chart from...
by Dan Mitchell | Aug 5, 2024 | Blogs, Economics, Free Market
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser...
by Dan Mitchell | Jul 30, 2024 | Blogs, Economics, Socialism
What’s the most unfortunate country in the world? North Korea? Zimbabwe? Cuba? Those are three good answers, but another option is Venezuela. Just a few decades ago, it was the richest nation in Latin America and life seemed very nice. But then the...
by Dan Mitchell | Jul 26, 2024 | Blogs, Economics, Free Market
For the final installment in this series (the first three parts can be viewed here, here, and here), let’s start with a video from Prager University. I like the video for the selfish reason that it matches my 2019 analysis. At the risk of over-simplification,...
by Dan Mitchell | Jul 25, 2024 | Blogs, Economics, Free Market
I wrote yesterday about an absurd example of media bias. A reporter for the New York Times authored a story about how people in the nation of Georgia supposedly miss communist enslavement. It was especially galling that the reporter repeatedly cited a radical Marxist,...
