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,...
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...
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...
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...
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...
