by Dan Mitchell | Apr 18, 2024 | Blogs, Economics, Free Market
I’ve periodically tried to explain that even small differences in long-run growth can lead to immense benefits, including huge reductions in poverty. To illustrate the importance of higher growth rates, I sometimes inform audiences that...
by Dan Mitchell | Nov 19, 2023 | Blogs, Free Market
Yesterday’s column, based on Freedom in the 50 States, applauded New Hampshire for being the most libertarian state and the most market-oriented state. Today, let’s look at the Economic Freedom of North America, published by the Fraser Institute, which also...
by Dan Mitchell | Nov 10, 2023 | Big Government, Blogs, Europe
In economics, convergence theory is the common-sense observation that poor countries – in general – should grow faster than rich countries. But a general principle sometimes has exceptions, and that’s why I put together my anti-convergence club. If you...
by Dan Mitchell | Sep 23, 2023 | Big Government, Blogs, Welfare and Entitlements
Many nations face a slow-motion fiscal crisis because of demographics. To be more specific, politicians last century created welfare states and social-insurance systems that take money from workers in order to provide pensions and health care to old...
by Dan Mitchell | Jul 19, 2023 | Big Government, Blogs, Europe, Welfare and Entitlements
In Part I of this series, we learned from a report in the Wall Street Journal that the combined economies of the European Union have grown by only 6 percent over the past 15 years compared to 82 percent growth in the United States. That is stunning evidence...
