by Dan Mitchell | Mar 13, 2023 | Blogs, Economics, Free Market, Socialism
Back in 2011, I shared a chart comparing economic growth in Chile, Argentina, and Venezuela between 1980 and 2008. My simple goal was to show that market-oriented nations enjoy very fast growth compared to nations with “mixed economies or socialist...
by Dan Mitchell | Mar 12, 2023 | Big Government, Blogs, Economics, Socialism
Socialism is an immoral system that has a horrible track record of misery and failure. One of the most tragic examples is Venezuela. It used to be the richest nation in Latin America. But per-capita GDP has collapsed...
by Dan Mitchell | Sep 23, 2022 | Blogs, Economics, Socialism
I’ve written many columns about the migration from high-tax states to low-tax states. The obvious takeaway is that people want to move to places where they can keep more of their money. And if they don’t have...
by Dan Mitchell | Oct 31, 2021 | Big Government, Blogs, Economics, Socialism
Thanks to socialism, Venezuela is a basket case. This video from John Stossel asks if the United States can and should learn from this bad example. The easy answer is yes. Indeed, you can click here and here to get 56 examples of why we...
by Dan Mitchell | Sep 12, 2021 | Big Government, Blogs
Time to update our series on “great moments in foreign government.” We’ll start with Jersey. I wrote a few years ago about the (relatively) good tax laws in that British dependent territory off the coast of France. But there are two ways those laws...
