What’s the Recipe for Growth and Prosperity?

« Is Mitt Romney a Keynesian?

I Always Suspected Greek Bureaucrats Were Useless Pieces of S**t, but even I’m Surprised to Learn that They’re Actually Collecting the Stuff »

What’s the Recipe for Growth and Prosperity?

February 23, 2012 by Dan Mitchell

What is the best way improve economic performance and boost living standards?

If you listen to politicians, they would like us to think that adopting Policy A or repealing Policy B is a magic elixir. And if that means adopting a flat tax or repealing Obamacare, I’ll certainly be happy.

But this video, based on analysis and data from the Economic Freedom of the World Index, shows that there is no silver bullet. Prosperity depends on several factors.

I mention this because I’m currently in the Dominican Republic for a conference on how best to improve competitiveness and growth (as you can see from the photo, this is hardship duty and I’m very sad that I’m missing the wonderful February weather in Washington).

My speech this morning was about tax reform, and I explained why a flat tax is the best way of collecting revenue in a way that minimizes economic damage and reduces opportunities for corruption.

But even though I’m a big advocate for better tax policy, the lesson from the Economic Freedom of the World Index, and as explained in the video, is that adopting a flat tax won’t solve a nation’s economic problems if politicians are doing the wrong thing in other areas.

There are five major policy areas, each of which counts for 20 percent of a nation’s grade.

Size of government
Regulation
Monetary Policy
Trade
Rule of Law/Property Rights

Now let’s pick Ukraine as an example. As a proponent of tax reform, I like that lawmakers have implemented a 15 percent flat tax.

But that doesn’t mean Ukraine is a role model. When looking at the mix of all policies, the country gets a very poor score from Economic Freedom of the World Index, ranking 125 out of 141 nations.

Conversely, Denmark has a very bad tax system, but it has very free market policies in other areas, so it ranks 15 out of 141 countries.

The moral of the story is simple. A country should have a small public sector and a pro-growth tax system, but that’s only 20 percent of the answer. Prosperity requires good policy in many areas.

Posted in Competitiveness, Economics, Free Markets, Government intervention, Rankings | Tagged Competitiveness, Dominican Republic, Economic Freedom of the World, Economics, Free Markets, Rankings | 353 Comments

353 Responses

on February 24, 2012 at 11:02 am dancingczars

Commentary by Jim Campbell

Two thins are certain, Dan Mitchell is absolutely correct and the current Obama led administration has no recipe for growth, why bother? The more people they can get to believe that the need to live off Uncle Sam and your tax dollars the better.

[FairShare__62718__87243_zoom]

For this reason the 2012 election is pivotal for the future of our Republic. Should Obama and his minions not be thrown out of office we will have reached a point where there are more of those who pay nothing and are the takers than those who pick up the tab. No society can survive with that mixture.
on February 24, 2012 at 2:54 pm Snorri Godhi

It should be said that the economic freedom measured by the EFW Index is not the same as the economic freedom _directly_ experienced by most citizens. The UK and Denmark have NHS-type taxpayer financed health insurance; their housing rental market is over-regulated (facilitating housing bubbles); and in my experience, hiring people for housing repairs or removal is a risky thing to do. None of the above applies to The Netherlands, and yet The Netherlands is placed significantly lower in the EFW Index.

Of course, to the extent that the economic freedom measured in the EFW leads to economic growth and more and better job opportunities, most citizens will benefit _indirectly_.
on April 13, 2012 at 9:22 am Labor, Capital, Entrepreneurship and Economic Growth « International Liberty

[…] ignore him and focus on the key message, which is that a policy mix of small government and free markets is the best way of unleashing entrepreneurs. Rate this: Share […]
on April 15, 2012 at 12:34 pm Entrepreneurship and Economic Growth: The Costly Impact of Big … | theentrepreneurships.org

[…] underscores the key message, which is that a policy mix of small government and free markets is the best way of unleashing genuine entrepreneurship. When we have small government, people use […]
on April 15, 2012 at 10:03 pm Entrepreneurship and Economic Growth: The Costly Impact of Big Government | Bid Government – Resources and Bidding Information

[…] underscores the key message, which is that a policy mix of small government and free markets is the best way of unleashing genuine entrepreneurship. When we have small government, people […]
on April 16, 2012 at 7:26 am Entrepreneurship and Economic Growth: The Costly Impact of Big Government|Politifreak

[…] underscores the key message, which is that a policy mix of small government and free markets is the best way of unleashing genuine entrepreneurship. When we have small government, people […]
on May 19, 2012 at 2:41 pm American Politicians Should Learn Some Policy Lessons from Hong Kong and Singapore « International Liberty

[…] makes this so frustrating is that we know the policies that are needed to boost growth. But those reforms would mean less power for the political class, so we face an uphill battle. Rate […]
on May 29, 2012 at 12:56 pm The States Are a Fiscal Policy Laboratory, but Obama Isn’t Learning the Right Lesson « International Liberty

[…] big governments, but they compensate with ultra-free markets in other areas. And there are also low-tax nations that languish because of mistakes such as excessive regulation and failure to protect property […]
on June 8, 2012 at 6:34 am High tax states losing out to low tax states « HaltingArkansasLiberalswithTruth

[…] big governments, but they compensate with ultra-free markets in other areas. And there are also low-tax nations that languish because of mistakes such as excessive regulation and failure to protect property […]
on June 10, 2012 at 12:34 pm Sweden: The Sensible (and Slowly Shrinking) Welfare State « International Liberty

[…] world’s most free-market nations. Like Denmark, it compensates for a big public sector with laissez-faire policy in other areas, including nationwide school choice and a partially privatized Social Security […]
on July 1, 2012 at 9:19 pm Sweden cutting back welfare state and having good results « HaltingArkansasLiberalswithTruth

[…] the world’s most free-market nations. Like Denmark, it compensates for a big public sector with laissez-faire policy in other areas, including nationwide school choice and a partially privatized Social Security […]
on July 5, 2012 at 10:06 am The Simple and Predictable Story of Fiscal Bankruptcy in Cyprus « International Liberty

[…] have a Swiss-sized government and now it has a Greek-sized government. Government spending is just one of many policies that impact economic performance, but is anyone surprised that this huge increase in the size of the public sector has had a big […]
on July 8, 2012 at 12:52 pm Ho Hum, More Demands for Global Taxes from the United Nations « International Liberty

[…] But setting aside their despicable hypocrisy, there’s scant evidence, if any, that foreign aid does anything other than foment corruption in recipient nations. And there’s lots of evidence, by contrast, that free markets and small government do create prosperity. […]
on July 9, 2012 at 11:31 am Ho Hum, More Demands for Global Taxes from the United Nations « A Moral Outrage

[…] But setting aside their despicable hypocrisy, there’s scant evidence, if any, that foreign aid does anything other than foment corruption in recipient nations. And there’s lots of evidence, by contrast, that free markets and small government do create prosperity. […]
on July 14, 2012 at 11:37 am Why Western Europe Became Rich in the Past…and How It Can Regain Prosperity Today « International Liberty

[…] be sure, fiscal policy is not the only variable that determines prosperity, and I gave some big caveats about the importance of good monetary policy, good trade policy, good […]
on July 16, 2012 at 4:29 pm America’s Fiscal Problem Is Too Much Spending, not Inadequate Revenue « International Liberty

[…] think the best part of the interview was when I explained that there are several policies that impact economic performance, but that it’s always better to have lower tax rates rather than higher tax […]
on July 19, 2012 at 8:00 am Thanks to Pro-Free Market Reforms, Chile Is the Latin Tiger « International Liberty

[…] Heck, if other developing nations learn the right lessons from Chile, maybe we can even educate policy makers in America about the benefits of restraining Leviathan. […]
on July 20, 2012 at 9:13 am Dan Mitchell’s article on Chili and video clip on Milton Friedman’s influence « HaltingArkansasLiberalswithTruth

[…] Heck, if other developing nations learn the right lessons from Chile, maybe we can even educate policy makers in America about the benefits of restraining Leviathan. […]
on July 27, 2012 at 7:58 am Excessive spending will get you in trouble every time, Cyprus another example « HaltingArkansasLiberalswithTruth

[…] have a Swiss-sized government and now it has a Greek-sized government. Government spending is just one of many policies that impact economic performance, but is anyone surprised that this huge increase in the size of the public sector has had a big […]
on July 29, 2012 at 11:51 am On Death Tax, the U.S. Is Worse than Greece, Worse than France, and Even Worse than Venezuela « International Liberty

[…] if you look at broad measures of economic freedom, America tends to be in – or near – the top 10 (though that’s more a reflection […]
on August 1, 2012 at 9:07 am International Data on Living Standards Show that the United States Should Not Become More Like Europe « International Liberty

[…] there is simple. Just reduce the size and scope of government. Rate this:Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike […]
on August 3, 2012 at 8:34 am Jobless Rate Climbs to 8.3 Percent, Creating More Anxiety for Obama and the Left « International Liberty

[…] Instead, I’m hoping the American people will learn an important long-run lesson. If you want more growth and prosperity, the recipe is smaller government and free markets. […]
on August 7, 2012 at 7:17 am The “Death tax” is immoral « HaltingArkansasLiberalswithTruth

[…] if you look at broad measures of economic freedom, America tends to be in – or near – the top 10 (though that’s more a reflection of how bad […]
on August 11, 2012 at 10:41 am Does It Matter that Paul Ryan Is on the GOP Ticket? « International Liberty

[…] think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her […]
on August 11, 2012 at 11:20 am Does It Matter that Paul Ryan Is on the GOP Ticket? | Cato @ Liberty

[…] think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her […]
on August 11, 2012 at 12:13 pm Dan Mitchell of Cato Institute discusses Paul Ryan VP pick « HaltingArkansasLiberalswithTruth

[…] think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her […]
on August 12, 2012 at 4:05 am Does It Matter that Paul Ryan Is on the GOP Ticket? | Forbes

[…] think Ryan honestly believes in small government, low taxation rates, and giveaway markets. Heck, he’s even review Ayn Rand, and is peaceful […]
on August 12, 2012 at 8:01 am Think Tank West » Does It Matter that Paul Ryan Is on the GOP Ticket?

[…] think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her […]
on August 12, 2012 at 1:48 pm Does It Matter that Paul Ryan Is on the GOP Ticket? | AudacityOfHypocrisy.com

[…] think Ryan genuinely believes in small government, low tax rates, and free markets. Heck, he’s even read Ayn Rand, and is willing to admit that he likes her […]
on August 18, 2012 at 3:45 am Does It Matter that Paul Ryan Is on the GOP Ticket? | Money

[…] think Ryan honestly believes in small government, low taxation rates, and giveaway markets. Heck, he’s even review Ayn Rand, and is peaceful […]
on August 27, 2012 at 4:48 pm The White House Is Crazy to Invite a Comparison of Job Creation under Reagan and Obama « International Liberty

[…] lesson to draw from these numbers is that Presidents should reduce the burden of government if they want better economic performance. Saint Ronald understood this basic insight, but Barack […]
on September 1, 2012 at 2:22 pm Time to Start the Countdown for France’s Fiscal Crisis « International Liberty

[…] liberty, I’ll confess that it’s easier for me to convince non-French policy makers that free markets and small government are the right approach when there’s more evidence that statism is failing in […]
on September 5, 2012 at 7:33 am Another Dismal Assessment of Obamanomics: United States Drops to 7th in WEF’s Global Competitiveness Index « International Liberty

[…] know that small government and free markets are the keys to prosperity. Bush took us in the wrong direction, however, and Obama is repeating his […]
on September 13, 2012 at 10:35 am If Sweden’s Big Welfare State Is Superior to America’s Medium Welfare State, then Why Do Swedes in America Earn Far More than Swedes in Sweden? « International Liberty

[…] That’s a very good point, and I’ve acknowledged that nations such as Sweden and Denmark are examples of how to do the wrong thing in the best possible fashion. They have large welfare states, but they compensate with very pro-market policies in other areas. […]
on September 17, 2012 at 8:40 am Tax Rates Impact Economic Performance, but other Policies also Matter « International Liberty

[…] point. Several people have asked my reaction to the column, so it’s time to recycle something I wrote back in February. It was about whether a nation should reform its tax system, but the arguments are the same if we […]
on September 24, 2012 at 12:06 pm On Death Tax, the U.S. Is Worse than Greece, Worse than France, and Even Worse than Venezuela « Double Taxed

[…] if you look at broad measures of economic freedom, America tends to be in – or near – the top 10 (though that’s more a reflection of how bad […]
on October 3, 2012 at 7:59 am John Stossel Exposes the Fraud of Government Job Training Programs « International Liberty

[…] One would think that honest left wingers would look at the research, understand that these programs hurt people, and recognize that the right approach is free markets and limited government. […]
on October 19, 2012 at 3:11 pm Supporters Urge Romney to Announce that He Intends to Reverse the Statist Policies of Obama…and Bush « International Liberty

[…] statist or a closet Reaganite. All I’m saying is that, if Romney wins, people who value limited government and freedom should begin working on November 7 to take whatever steps are necessary to prevent Romney from […]
on October 22, 2012 at 2:04 pm In tonight’s debate I wish Romney would throw George W. Bush under the bus for his big spending!! « HaltingArkansasLiberalswithTruth

[…] a closet statist or a closet Reaganite. All I’m saying is that, if Romney wins, people who value limited government and freedom should begin working on November 7 to take whatever steps are necessary to prevent Romney from […]
on October 25, 2012 at 10:53 am Obama Loses another Member of the Hollywood Left « International Liberty

[…] When you’re sufficiently rich, the difference between 1 percent growth and 3 percent doesn’t really have much of an impact on your personal situation. It’s the rest of us peasants who need the growth and prosperity made possible by free markets and limited government. […]
on November 2, 2012 at 8:13 am A Four-Picture Indictment: Final Pre-Election Jobs Report Is Not Good News for Obama « International Liberty

[…] The moral of the story, needless to say, is that free markets and small government are the keys to growth and prosperity. […]
on November 5, 2012 at 9:10 am Led by Prop 30 in California and Prop 2 in Michigan, a List of the Most Important Ballot Initiatives of 2012 « International Liberty

[…] 30, tho adverse consequences would materialize much faster, thus helping to educate people that free markets and limited government are the best […]
on November 5, 2012 at 9:50 pm Led by Prop 30 in California and Prop 2 in Michigan, a List of the Most Important Ballot Initiatives of 2012 « lessbull.com

[…] 30, tho adverse consequences would materialize much faster, thus helping to educate people that free markets and limited government are the best […]
on November 12, 2012 at 8:04 am Open letter to President Obama (Part 168.3) « HaltingArkansasLiberalswithTruth

[…] have a Swiss-sized government and now it has a Greek-sized government. Government spending is just one of many policies that impact economic performance, but is anyone surprised that this huge increase in the size of the public sector has had a big […]
on November 19, 2012 at 10:58 am Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible « International Liberty

[…] know the recipe for growth and prosperity. But the political elite is oblivious or doesn’t […]
on November 20, 2012 at 5:52 pm Economics and the Elite | Light from the Right

[…] know the recipe for growth and prosperity. But the political elite is oblivious or doesn’t care. (my […]
on December 15, 2012 at 2:31 pm What’s More Dangerous for an Economy, a Nuclear Strike or Big Government? « International Liberty

[…] I guess the moral of the story is that if you want prosperity, free markets and small government are a much better combination than big government and nuclear […]
on December 18, 2012 at 8:01 am Open letter to President Obama (Part 196) « HaltingArkansasLiberalswithTruth

[…] the world’s most free-market nations. Like Denmark, it compensates for a big public sector with laissez-faire policy in other areas, including nationwide school choice and a partially privatized Social Security […]
on December 20, 2012 at 4:16 pm Time to Get Rid of Tax Preferences for Housing in the Internal Revenue Code « International Liberty

[…] for decades and they keep making things worse. Perhaps, just for a change of pace, we should try free markets and small government and see what […]
on December 20, 2012 at 4:18 pm France going to collapse? « HaltingArkansasLiberalswithTruth

[…] promote liberty, I’ll confess that it’s easier for me to convince non-French policy makers that free markets and small government are the right approach when there’s more evidence that statism is failing in […]
on December 31, 2012 at 10:44 am Class Warfare Tax Policy Causes Portugal to Crash on the Laffer Curve, but Will Obama Learn from this Mistake? « International Liberty

[…] be fair, there are lots of factors that determine economic performance, so higher tax burdens are just one possible explanation for why the tax base is shrinking or […]
on January 1, 2013 at 11:51 am Grading the Fiscal Cliff Deal: Terrible, but Could Be Worse | Tennesseans Watching Federal & State Government

[…] be fair, there are lots of factors that determine economic performance, so higher tax burdens are just one possible explanation for why the tax base is shrinking or […]
on January 3, 2013 at 9:57 am Open letter to President Obama (Part 210) « HaltingArkansasLiberalswithTruth

[…] if you look at broad measures of economic freedom, America tends to be in – or near – the top 10 (though that’s more a reflection of how bad […]
on January 9, 2013 at 9:50 am The United States Ranks 7th in Comprehensive New “Freedom Index” « International Liberty

[…] growth and prosperity with free markets and small government. Such a novel […]
on January 9, 2013 at 1:47 pm What’s the Most Important Reason to Oppose Gun Control? « International Liberty

[…] I assume that most readers are sympathetic to free markets and small government. […]
on January 9, 2013 at 11:27 pm What’s the Most Important Reason to Oppose Gun Control? | Sago

[…] I assume that most readers are sympathetic to free markets and small government. […]
on January 11, 2013 at 2:46 am Portugal and the Laffer Curve « HaltingArkansasLiberalswithTruth

[…] be fair, there are lots of factors that determine economic performance, so higher tax burdens are just one possible explanation for why the tax base is shrinking or […]
on January 11, 2013 at 1:53 pm Do Higher Tax Rates Hurt Growth? « International Liberty

[…] if you understand that it’s important to look at the overall burden of government when measuring the impact of public policy on economic performance, then…well, I’m not sure whether I can promise anything other than you’ll have […]
on January 11, 2013 at 5:31 pm Do Higher Tax Rates Hurt Growth? | Sago

[…] if you understand that it’s important to look at the overall burden of government when measuring the impact of public policy on economic performance, then…well, I’m not sure whether I can promise anything other than you’ll have the […]
on January 31, 2013 at 3:55 pm Rather than Helping the Poor, Higher Tax Rates Redistribute Rich People « International Liberty

[…] who mistakenly think the economy is a fixed pie. If we want to help them understand the benefits of small government and free markets, we need to come up with more effective ways of educating them about the important implications of […]
on February 22, 2013 at 7:21 am There are five major policy areas, each of which counts for 20 percent of a nation’s grade | HaltingArkansasLiberalswithTruth

[…] the point. Several people have asked my reaction to the column, so it’s time to recycle something I wrote back in February. It was about whether a nation should reform its tax system, but the arguments are the same if we […]
on February 24, 2013 at 7:32 pm Question of the Week: Who Am I Cheering for in the Italian Elections? | International Liberty

[…] doesn’t mean that politicians will ever choose the right approach of free markets and small government, but at least there’s a 2 percent chance of that happening if they stay with the euro. If […]
on February 28, 2013 at 7:54 am Open letter to President Obama (Part 253) | HaltingArkansasLiberalswithTruth

[…] promote liberty, I’ll confess that it’s easier for me to convince non-French policy makers that free markets and small government are the right approach when there’s more evidence that statism is failing in […]
on March 7, 2013 at 11:47 am Minimum Wage, Maximum Foolishness | International Liberty

[…] understand by comparing fast-growing economies such Hong Kong and Singapore, which have relatively low burdens of government, with slow-growth economies such as France and Italy, where politicians ostensibly seek to […]
on March 7, 2013 at 2:07 pm Dan Mitchell on the minimum wage law (includes two editorial cartoons) | HaltingArkansasLiberalswithTruth

[…] understand by comparing fast-growing economies such Hong Kong and Singapore, which have relatively low burdens of government, with slow-growth economies such as France and Italy, where politicians ostensibly seek to […]
on March 9, 2013 at 10:42 am Open letter to President Obama (Part 263) | HaltingArkansasLiberalswithTruth

[…] the point. Several people have asked my reaction to the column, so it’s time to recycle something I wrote back in February. It was about whether a nation should reform its tax system, but the arguments are the same if we […]
on March 14, 2013 at 8:17 am Senator Patty Murray Is Right…and Completely Wrong…about the 1990s | International Liberty

[…] Now she needs to realize that those policies were small government and free markets. […]
on March 14, 2013 at 9:27 am Controlling spending is the way to a balanced budget (includes editorial cartoons) | The Daily Hatch

[…] Now she needs to realize that those policies were small government and free markets. […]
on March 18, 2013 at 9:09 am Lessons from Cyprus | International Liberty

[…] – such as reductions in the burden of government spending and the implementation of pro-market reforms – remains to be […]
on March 21, 2013 at 9:01 am (Almost) Everything You Ever Wanted to Know about the Fiscal Policy Debate in a Single Chart | International Liberty

[…] In other words, the burden of government spending should be reduced and we should allow markets to allocate resources. […]
on March 28, 2013 at 1:18 pm Ranking the States for Economic and Personal Freedom | International Liberty

[…] But I’ll freely admit that growth if maximized when you have small government AND free markets. […]
on April 9, 2013 at 7:04 am The Overlooked Jobs Tragedy | International Liberty

[…] The moral of the story is that bigger government is not a recipe for prosperity. […]
on April 9, 2013 at 7:31 am Sequester did not hurt job growth!!!!! | The Daily Hatch

[…] The moral of the story is that bigger government is not a recipe for prosperity. […]
on April 20, 2013 at 6:41 pm Barack Obama’s $8 Trillion Output Gap | International Liberty

[…] know which President was dealt a worse hand of cards. But I know that Reagan’s policies of free markets and smaller government helped trigger an economic […]
on April 24, 2013 at 8:14 am Immigration, Terrorism, and Welfare Tourism | International Liberty

[…] If we want to help the less fortunate, economic growth is the best approach. That means free markets and small government. […]
on April 24, 2013 at 8:53 am A closer look at the Boston Marathon terrorists | The Daily Hatch

[…] If we want to help the less fortunate, economic growth is the best approach. That means free markets and small government. […]
on April 25, 2013 at 1:33 am Immigration, Terrorism, and Welfare Tourism

[…] If we want to help the less fortunate, economic growth is the best approach. That means free markets and small government. […]
on May 2, 2013 at 9:32 am Raise Your Glass and Give a Toast to Celebrate the Real-World Benefits of Lower Taxes and Economic Freedom | International Liberty

[…] lot of economic theory and empirical evidence in favor of lower tax rates. And I’m constantly extolling the virtues of overall economic […]
on May 3, 2013 at 6:03 am Women, Guns, and Beer in the Home of the Brave | nebraskaenergyobserver

[…] of economic theory and empirical evidence in favor of lower tax rates. And I’m constantly extolling the virtues of overall economic […]
on May 5, 2013 at 8:35 am An Amazing Story of Economic Success | International Liberty

[…] I’ve written before about the remarkable vitality of Hong Kong and Singapore, two jurisdictions that deserve praise for small government and free markets. […]
on May 6, 2013 at 9:50 am Where the USA’s economic success come from? | The Daily Hatch

[…] I’ve written before about the remarkable vitality of Hong Kong and Singapore, two jurisdictions that deserve praise for small government and free markets. […]
on May 8, 2013 at 1:08 pm The Obama Jobs Record: Some Good News, but Only if the Bar Is Lowered | International Liberty

[…] I will state without ambiguity that small government and free markets are the right formula to improve economic performance. In other words, get rid of the bad policies and adopt more of the […]
on June 5, 2013 at 6:54 pm Everything You Ever Wanted to Know about Economic Policy | International Liberty

[…] I’ve narrated a video that cites Economic Freedom of the World data to explain the five major factors that determine economic performance. […]
on June 6, 2013 at 10:00 am Dan Mitchell of the Cato Institute gives overview of economic policy and he praises Clinton and Reagan | The Daily Hatch

[…] I’ve narrated a video that cites Economic Freedom of the World data to explain the five major factors that determine economic performance. […]
on June 6, 2013 at 11:32 am A Primer on Austrian Macroeconomics | International Liberty

[…] I also included this link to a six-minute video on the same topic for folks who just wanted to skim the […]
on June 6, 2013 at 7:33 pm A Primer on Austrian Macroeconomics « Sago

[…] I also included this link to a six-minute video on the same topic for folks who just wanted to skim the […]
on June 18, 2013 at 10:58 am What’s the Better Role Model, France or Switzerland? | International Liberty

[…] sensible people already understand that countries with free markets and small government out-perform nations with big welfare states and lots of […]
on June 23, 2013 at 12:30 am The Very High Cost of Government Regulation and Red Tape | International Liberty

[…] The moral of the story, needless to say, is that we should have less regulation…as well as less spending, lower taxes, more trade, etc. […]
on June 27, 2013 at 4:11 am Very Bad News for Europe’s Young People | International Liberty

[…] all, why support an agenda of free markets and small government when that would reduce their power and […]
on July 5, 2013 at 12:44 pm New Academic Research Confirms the “High Price” of High Tax Rates | International Liberty

[…] on Capitol Hill, I often make an extra effort to explain that a bigger economy – enabled by small government and free markets – is the same as a bigger tax […]
on July 9, 2013 at 4:16 am France ou Suisse : quel est le meilleur modèle ? | Contrepoints

[…] entendu une question rhétorique. La plupart des gens sensés comprennent déjà que les pays avec un marché libre et un État modeste surpassent les nations avec de grands États providence et beaucoup […]
on July 9, 2013 at 11:00 am France ou Suisse : quel est le meilleur modèle ? | Réduit national

[…] entendu une question rhétorique. La plupart des gens sensés comprennent déjà que les pays avec un marché libre et un État modeste surpassent les nations avec de grands États providence et beaucoup […]
on July 11, 2013 at 1:15 pm America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness” | International Liberty

[…] a very important caveat. It’s good to have an attractive corporate tax system, but there are dozens of other factors that help determine a nation’s prosperity and competitiveness. Indeed, fiscal policy is only 20 percent of a country’s score in the Economic Freedom of […]
on July 11, 2013 at 1:15 pm America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness” | International Liberty

[…] a very important caveat. It’s good to have an attractive corporate tax system, but there are dozens of other factors that help determine a nation’s prosperity and competitiveness. Indeed, fiscal policy is only 20 percent of a country’s score in the Economic Freedom of […]
on July 12, 2013 at 1:32 am Obama should own bad economy | The Daily Hatch

[…] know the recipe for growth and prosperity. But the political elite is oblivious or doesn’t […]
on July 12, 2013 at 7:00 am America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness” « Sago

[…] a very important caveat. It’s good to have an attractive corporate tax system, but there are dozens of other factors that help determine a nation’s prosperity and competitiveness. Indeed, fiscal policy is only 20 percent of a country’s score in the Economic Freedom of the […]
on July 27, 2013 at 12:55 pm President Obama Threatens America: “We’re Not Done Yet” | International Liberty

[…] those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, […]
on July 27, 2013 at 1:42 pm Obama wants to expand government’s powers when the government is the cause of lots of our problems!!! | The Daily Hatch

[…] those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, […]
on July 31, 2013 at 10:03 am Four Charts Showing How Obama’s Statist Agenda Is Hurting Jobs and Growth | International Liberty

[…] In other words, if we want more prosperity, we need to follow the recipe of free markets and small government. […]
on August 6, 2013 at 7:42 am President Obama Threatens America: “We’re Not Done Yet”

[…] those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, […]
on August 7, 2013 at 2:01 am More and more government is not the answer to our problems. | The Daily Hatch

[…] I guess the moral of the story is that if you want prosperity, free markets and small government are a much better combination than big government and nuclear […]
on August 15, 2013 at 1:18 pm Europe’s Soft Bigotry of Low Economic Expectations | International Liberty

[…] Particularly when we have examples of jurisdictions that are now more prosperous than the United States and they lead the world in maintaining the tried-and-true recipe of free markets and small government. […]
on August 15, 2013 at 2:50 pm Europe’s Soft Bigotry of Low Economic Expectations « Sago

[…] Particularly when we have examples of jurisdictions that are now more prosperous than the United States and they lead the world in maintaining the tried-and-true recipe of free markets and small government. […]
on August 18, 2013 at 1:13 am Do higher taxes hurt growth? | The Daily Hatch

[…] if you understand that it’s important to look at the overall burden of government when measuring the impact of public policy on economic performance, then…well, I’m not sure whether I can promise anything other than you’ll have the […]
on September 6, 2013 at 1:52 am Open letter to President Obama (Part 402) Portugal and the Laffer Curve | The Daily Hatch

[…] be fair, there are lots of factors that determine economic performance, so higher tax burdens are just one possible explanation for why the tax base is shrinking or […]
on September 9, 2013 at 10:39 am The Mexican Version of Obamanomics Won’t Work any Better than the American Version | International Liberty

[…] explained in this video, the recipe for prosperity is free markets and small government. Well, Mexico doesn’t have […]
on October 11, 2013 at 1:22 pm More Academic Evidence that Bigger Government Means Less Prosperity | International Liberty

[…] P.P.P.P.S. While I sometimes myopically focus on fiscal policy, remember that there are many other policies that determine economic performance. […]
on October 21, 2013 at 11:21 am The French Death Spiral | International Liberty

[…] would be less corruption in Washington, but tax reform would not be a panacea for every ill. Many other policies also need to be fixed to generate sustained […]
on November 8, 2013 at 10:29 am Obamanomics and the Vanishing American Worker | International Liberty

[…] I suspect Galston and I would only partly agree on “effective labor-market policies,” but I think a big part of the answer is smaller government and less intervention. […]
on November 9, 2013 at 6:27 pm Obamanomics and the Vanishing American Worker

[…] I suspect Galston and I would only partly agree on “effective labor-market policies,” but I think a big part of the answer is smaller government and less intervention. […]
on November 14, 2013 at 12:16 pm Economic Growth Is the Best Way to Help the Poor, not Redistribution in Pursuit of Coerced Income Equality | International Liberty

[…] The moral of the story is that prosperity is best achieved by a policy of free markets and small government. […]
on November 16, 2013 at 6:54 am Es mejor ser pobre bajo el laissez faire | NUEVA EUROPA- Nueva Eurabia

[…] La moraleja de la historia es que la prosperidad se logra mejor mediante una política de libre mercado y un gobierno pequeño . […]
on November 19, 2013 at 9:01 am The Presteblog | Wirtschaftliches Wachstum ist der beste Weg, um den Armen zu helfen

[…] The moral of the story is that prosperity is best achieved by a policy of free markets and small government. […]
on December 18, 2013 at 11:15 am …and even More Obamacare Humor | International Liberty

[…] people are having lots of fun mocking this image. And that’s time they could spend discussing free markets and small government […]
on December 26, 2013 at 7:11 am Open letter to President Obama (Part 483) (A closer look at Boston Marathon terrorists) | The Daily Hatch

[…] If we want to help the less fortunate, economic growth is the best approach. That means free markets and small government. […]
on December 31, 2013 at 1:58 pm Leaders In The 18th And 19th Centuries Were Patriots And Smart, Obama Is Not! | KEVIN's space

[…] The moral of the story is that prosperity is best achieved by a policy of free markets and small government. […]
on January 10, 2014 at 1:35 am Open letter to President Obama (Part 494) (Does Government Have a Revenue or Spending Problem?) | The Daily Hatch

[…] Now she needs to realize that those policies were small government and free markets. […]
on January 10, 2014 at 12:51 pm To Be Genuinely Compassionate, Politicians Should Focus on Job Creation, not Unemployment Benefits | International Liberty

[…] further details on the recipe for good policy, here’s the video I narrated for the Center for Freedom and Prosperity, which explains the conditions that lead to strong and […]
on January 13, 2014 at 7:58 am Many academic studies show that extending unemployment benefits lead to more joblessness!! | The Daily Hatch

[…] further details on the recipe for good policy, here’s the video I narrated for the Center for Freedom and Prosperity, which explains the conditions that lead to strong and […]
on January 26, 2014 at 7:15 am Everything You Ever Needed to Know about the Left’s View of Income Inequality, Captured in a Single Image | International Liberty

[…] that follow the right policy recipe can enjoy the kind of strong and sustained growth that enables huge increases in prosperity for all […]
on January 27, 2014 at 8:15 am Making America more like France will not help the poor in the USA!!!! | The Daily Hatch

[…] that follow the right policy recipe can enjoy the kind of strong and sustained growth that enables huge increases in prosperity for all […]
on January 27, 2014 at 1:55 pm Everything You Need to Know about the Left’s View of Income Inequality, Captured in a Single Image

[…] that follow the right policy recipe can enjoy the kind of strong and sustained growth that enables huge increases in prosperity for all […]
on January 30, 2014 at 12:41 pm ¿QUIÉN HA DICHO QUE LA ECONOMÍA ES DIFÍCIL? | GOING ROGUE, GOING PALIN

[…] naciones que siguen la correcta receta política pueden disfrutar de la clase de crecimiento fuerte y sostenido que permite un enorme aumento en la […]
on January 31, 2014 at 11:47 am Yet another Example of the Failure of Keynesian Economics | International Liberty

[…] 3. And let’s not forget to add an important caveat that we shouldn’t draw too many conclusions from a quarter or two of data, particularly when there are many factors that determine economic performance. […]
on February 5, 2014 at 2:11 pm Obama’s Dismal Legacy of European-Style Long-Run Unemployment | International Liberty

[…] I hate repeating myself, but it bears saying over and over again that the key to prosperity is small government and free markets. […]
on February 6, 2014 at 1:03 am Open letter to President Obama (Part 513) (Minimum Wage, Maximum Foolishness) | The Daily Hatch

[…] by comparing fast-growing economies such Hong Kong and Singapore, which have relatively low burdens of government, with slow-growth economies such as France and Italy, where politicians ostensibly seek to […]
on February 24, 2014 at 3:36 pm The Missing Data in Krugman’s German Austerity Narrative | International Liberty

[…] stated, we get more jobs, output, and growth when resources are allocated by competitive markets. But when resources are allocated by political forces, cronyism and pork cause inefficiency and […]
on February 25, 2014 at 12:19 pm Long-Term Growth and the Corrosive Impact of Obamanomics | International Liberty

[…] other words, the economy is not a fixed pie. The right policies, such as free markets and small government, can create a better life for […]
on February 26, 2014 at 10:39 am Long-Term Growth and the Corrosive Impact of Obamanomics

[…] other words, the economy is not a fixed pie. The right policies, such as free markets and small government, can create a better life for […]
on March 2, 2014 at 1:29 pm The War on Poverty Has Made a Difference…but the Wrong Kind | International Liberty

[…] many politicians are hostile to the types of policies that produce more growth. Maybe it’s because they don’t understand economics. Or maybe they understand economics […]
on March 5, 2014 at 6:17 am DANIEL MITCHELL- THE WAR ON POVERTY THAT INCREASED POVERTY- SHAME ON THE LEFT | RUTHFULLY YOURS

[…] many politicians are hostile to the types of policies that produce more growth. Maybe it’s because they don’t understand economics. Or maybe they understand economics but […]
on March 6, 2014 at 1:21 am Dear Senator Pryor, here are some spending cut suggestions (“Thirsty Thursday”, Open letter to Senator Pryor) | The Daily Hatch

[…] those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, […]
on March 8, 2014 at 12:34 pm Assessing President Obama’s Economic Agenda | International Liberty

[…] is almost enough to make one think that maybe we should try free markets and small government […]
on March 10, 2014 at 11:20 am The Best Way for Politicians to “Create” Jobs Is to…Get Out of the Way | International Liberty

[…] And that means free markets and small government. […]
on March 16, 2014 at 7:43 am Ukraine’s Biggest Problem Isn’t Putin, It’s Putinonomics | International Liberty

[…] stated, if you want more prosperity, there’s no substitute for free markets and small government. The more nations move in that direction, the richer they will […]
on March 26, 2014 at 8:25 am From France to New Jersey, High Tax Rates and Class Warfare Are Economic Poison | International Liberty

[…] as I’ve repeatedly noted, it’s important to have good policy in all regards. And Hood shares some important data […]
on May 16, 2014 at 1:39 am Open letter to President Obama (Part 584) If you blame the Sequester for blaming job growth then you don’t have a good grasp on economics | The Daily Hatch

[…] The moral of the story is that bigger government is not a recipe for prosperity. […]
on May 27, 2014 at 2:48 pm The Department of Agriculture Deserves the Death Penalty | International Liberty

[…] believe in free markets and small government, and I’m also against Washington […]
on May 28, 2014 at 7:21 am Farm Bill loots the treasury on behalf of the lobbyists!!!! | The Daily Hatch

[…] believe in free markets and small government, and I’m also against Washington […]
on May 30, 2014 at 1:49 am Open letter to President Obama (Part 594) Where the USA’s economic success come from? | The Daily Hatch

[…] I’ve written before about the remarkable vitality of Hong Kong and Singapore, two jurisdictions that deserve praise for small government and free markets. […]
on October 20, 2014 at 1:45 pm The Irish Tax Policy Debate: Bono 1 – Irish Union Bosses 0 | International Liberty

[…] As the old saying goes, I couldn’t have said it better myself. Too many politicians and interest groups want us to believe that foreign aid and bigger government are the answer, but nations that have jumped from poverty to prosperity invariably have followed a path of free markets and small government. […]
on October 20, 2014 at 5:49 pm The Irish Tax Policy Debate: Bono 1 – Irish Union Bosses 0 | The Liberty Herald

[…] As the old saying goes, I couldn’t have said it better myself. Too many politicians and interest groups want us to believe that foreign aid and bigger government are the answer, but nations that have jumped from poverty to prosperity invariably have followed a path of free markets and small government. […]
on January 3, 2015 at 10:26 am Debating the “American Dream” | International Liberty

[…] That sounds reasonable. My view, for what it’s worth, is that people will prosper in a system of free markets and limited government. […]
on January 3, 2015 at 3:27 pm Debating the “American Dream” - The Liberty Herald

[…] That sounds reasonable. My view, for what it’s worth, is that people will prosper in a system of free markets and limited government. […]
on January 12, 2015 at 1:43 pm If You Want to Gauge the Health of the Job Market, Focus on Employment rather than Unemployment | International Liberty

[…] So the bottom line, as you might expect, is that the problem is too much intervention and bloated government. Which means the answer is free market and less government. […]
on January 17, 2015 at 10:36 am Economic Lessons from Scandinavia | International Liberty

[…] So I stand by my position that free markets and small government are the recipe for prosperity. […]
on January 17, 2015 at 12:59 pm Economic Lessons from Scandinavia | PatriotsBillboard

[…] So I stand by my position that free markets and small government are the recipe for prosperity. […]
on January 17, 2015 at 3:39 pm Economic Lessons from Scandinavia - The Liberty Herald

[…] So I stand by my position that free markets and small government are the recipe for prosperity. […]
on January 23, 2015 at 10:17 am Are Easy-Money Policies an Obstacle to Genuinely Needed Pro-Growth Reforms? | International Liberty

[…] P.P.S. And on the issue of boosting growth, there’s no substitute for free markets and limited government. […]
on February 1, 2015 at 11:18 am Bringing Growth to the Developing World: The Role of Tax Havens and the Size of Government | International Liberty

[…] Sub-Saharan Africa needs small government and free markets. […]
on February 1, 2015 at 11:26 am Bringing Growth to the Developing World: The Role of Tax Havens and the Size of Government - Freedom's Floodgates

[…] Sub-Saharan Africa needs small government and free markets. […]
on February 19, 2015 at 12:13 pm The African Version of Free Markets vs. Statism | International Liberty

[…] every single case, the places with smaller government and free markets generate much stronger economic performance. And that translates into higher living […]
on March 10, 2015 at 2:57 pm Why Are Republican Presidential Candidates Openly Stating a Desire to Violate 18 U.S. Code § 203 of the Criminal Law? | International Liberty

[…] it is rather disappointing that the politicians who claim to support free markets and small government are so quick to reverse field when trolling for votes and […]
on March 29, 2015 at 11:22 am If Poor Nations Want Economic Convergence and Capital Accumulation, They Need Good Policy | International Liberty

[…] moral of the story is – or at least should be – very clear. Free markets and small government are the route to […]
on April 7, 2015 at 9:43 am Three Cheers for Profits and Free Markets | International Liberty

[…] are several possible answers to that question. We can take a big-picture view and argue that the key is free markets and small government, and there certainly is lots of evidence in favor of this assertion when you compare countries over […]
on April 10, 2015 at 3:01 am Three Cheers for Profits and Free Markets | Las Vegas Valley Tea Party

[…] are several possible answers to that question. We can take a big-picture view and argue that the key is free markets and small government, and there certainly is lots of evidence in favor of this assertion when you compare countries […]
on April 11, 2015 at 8:50 am Help Developing Nations with Trade, not Foreign Aid | International Liberty

[…] correctly applies this analysis to the trade sector, but it’s a lesson that has universal applicability. It’s why we need better tax policy, a lower burden of government spending, less regulation […]
on April 17, 2015 at 8:09 am Obamanomics Is Causing Stagnation, Especially for Blacks | International Liberty

[…] good news is that we know how to solve the problem. The bad news is that Obama is in the White House until January […]
on April 21, 2015 at 1:17 pm Another Encouraging Example of How Tax Competition Thwarts the Greed of the Political Class | International Liberty

[…] enjoy faster growth than others, mostly because these comparison invariably help to show why small government and free markets are the best route to […]
on April 23, 2015 at 10:44 am It’s a Bird, It’s a Plane….It’s Super Entrepreneur! | International Liberty

[…] So we have yet another piece of evidence showing the superiority of free markets and small government. […]
on May 1, 2015 at 9:20 am IMF Proposes to Sabotage China’s Economy | International Liberty

[…] P.S. If you want to learn lessons from East Asia, look at the strong performance of Hong Kong, Taiwan, Singapore, and South Korea, all of which provide very impressive examples of sustained growth enabled by small government and free markets. […]
on May 3, 2015 at 2:40 pm Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia? | International Liberty

[…] means, of course, that we’re also fixated on the importance of free markets and small government. We understand that an economy will grow much faster if the burden of government is constrained […]
on May 27, 2015 at 9:03 am Atlas Is Shrugging in Greece and Venezuela: Two Case Studies of Statist Failure | International Liberty

[…] (or Greece, or any other nation) could save itself by shifting to a policy of free markets and small government. But I’m not holding my […]
on May 29, 2015 at 1:15 am FRIEDMAN FRIDAY Reaganomics generated much better results than Obamanomics, and Milton Friedman had a lot to do with the success of Reagan! | The Daily Hatch

[…] inherited very weak economies. But that’s where the similarity ends. Reagan pushed an agenda of free markets and small government while Obama doubled down on Bush’s […]
on June 10, 2015 at 9:31 am Does “Freedom” Mean an Entitlement to Other People’s Money? | International Liberty

[…] this is why I’m a libertarian. Sure, I like the fact that liberty produces more prosperity, but my main goal it to eliminate needless government […]
on June 10, 2015 at 10:38 am Does “Freedom” Mean an Entitlement to Other People’s Money? | Lex Rex for All

[…] this is why I’m a libertarian. Sure, I like the fact that liberty produces more prosperity, but my main goal it to eliminate needless government […]
on June 12, 2015 at 2:20 pm Three Cheers for Profits and Free Markets | THAT'S WHAT I'M SCREAMING

[…] are several possible answers to that question. We can take a big-picture view and argue that the key is free markets and small government, and there certainly is lots of evidence in favor of this assertion when you compare countries […]
on June 14, 2015 at 2:16 pm Leftist Narrative on Inequality Is Debunked by Academic Evidence | International Liberty

[…] seem to think the economy is a fixed pie. And they seem impervious to all the evidence that free markets and small government are the way to achieve broadly shared […]
on June 27, 2015 at 2:33 pm Fiscal Fights with Friends, Part III: Why a Carbon Tax Will Enable Bigger Government rather than Better Policy | International Liberty

[…] Those are fair points, and I particularly agree that fiscal policy is an incomplete measure of the burden of government. […]
on June 29, 2015 at 1:42 pm Economic Lessons from the Nordic Countries | International Liberty

[…] other words, when you do apples to apples comparisons, either of peoples or nations, you find that smaller government and free markets lead to more […]
on July 10, 2015 at 10:45 am Lessons from China’s Stock Market Crash | International Liberty

[…] So if you want to learn lessons from East Asia, look at the strong performances of Hong Kong, Taiwan, Singapore, and South Korea, all of which provide very impressive examples of sustained growth enabled by small government and free markets. […]
on July 18, 2015 at 5:35 am A Global Tax Cartel Will Hurt the World Economy, Particularly Developing Nations | International Liberty

[…] Looking at the incredible economic rise of jurisdictions such as Hong Kong and Singapore, it’s easy to answer that question. Simply put in place the rule of law, accompanied by free markets and small government. […]
on July 23, 2015 at 2:13 pm Greece’s Debt Is Sustainable | International Liberty

[…] That doesn’t require any sort of miracle. Yes, it would be nice if Greece and other nations decided to become like Hong Kong and Singapore, high-growth economies thanks to small government and non-interventionism. […]
on August 18, 2015 at 9:59 am La folie douce de l’Europe à propos de la reprise | Contrepoints

[…] Comme vous pouvez le voir sur le graphique ci-dessus, l’Amérique a connu un beau succès sur les Européens, si vous regardez le niveau de vie. Et peut-être que nous parviendrons toujours à préserver cet avantage s’ils persistent à aller encore plus loin dans la mauvaise direction tandis que les États-Unis adoptent des politiques contre-productives. Mais pourquoi faudrait-il copier les politiques erronées des nations qui s’effondrent ? Surtout quand nous avons des exemples de pays qui sont désormais plus prospères que les États-Unis, et qui mènent le monde en mobilisant les recettes éprouvées de l’État minimal et du marché libres. […]
on August 24, 2015 at 12:41 pm Economic Freedom in America Is Declining Mostly Because of Creeping Protectionism and the Loss of Rule of Law and Property Rights | International Liberty

[…] an ideal world, countries should have free markets and small government. In Northern Europe, they manage to get the first part right. Which is important since non-fiscal […]
on September 2, 2015 at 12:39 pm Redistribution Is Morally Dubious, Economically Harmful, and It Doesn’t Work | International Liberty

[…] Which brings me back to Piereson’s concluding points. If you care about the poor, strive for more economic growth with policies based on free markets and small government. […]
on September 4, 2015 at 2:21 pm Redistribution Is Morally Dubious, Economically Harmful, and It Doesn’t Work | Lex Rex for All

[…] Which brings me back to Piereson’s concluding points. If you care about the poor, strive for more economic growth with policies based on free markets and small government. […]
on October 13, 2015 at 10:03 am A Challenge to the GOP from Bernie Sanders: Put Up or Shut Up on Capitalism | International Liberty

[…] bottom line, though, is that you get the most growth when you have both free markets and small government. In other words, genuine […]
on October 13, 2015 at 10:34 am A Challenge to the GOP from Bernie Sanders: Put Up or Shut Up on Capitalism | Lex Rex for All

[…] bottom line, though, is that you get the most growth when you have both free markets and small government. In other words, genuine […]
on October 18, 2015 at 12:26 pm What Lessons Can America Learn from Europe? | International Liberty

[…] Assuming, of course, that the goal is to have policies that promote prosperity. […]
on October 21, 2015 at 10:48 am A Nordic Nightmare for Bernie Sanders | International Liberty

[…] summarize, the recipe for prosperity is free markets (which you find in Scandinavia) and small government (which is absent in those […]
on October 21, 2015 at 2:16 pm Why Bernie’s wrong about making the US more like Scandinavia | Conservative Republican News

[…] summarize, the recipe for prosperity is free markets (which you find in Scandinavia) and small government (which is absent in those […]
on October 28, 2015 at 12:45 pm No Matter How You Slice the Data, Senator Sanders and other Leftists Are Wrong to Think Nations like Sweden and Denmark Are More Prosperous than America | International Liberty

[…] Not because America is a hyper-free market jurisdiction like Hong Kong or Singapore. Instead, the U.S. does better simply because European nations deviate even further from the right recipe for prosperity. […]
on November 29, 2015 at 12:33 pm Four Principles to Boost America’s Economic Ladder of Opportunity | International Liberty

[…] think this is all the evidence one needs to conclude that free markets and small government are the right recipe for a just and prosperous […]
on December 8, 2015 at 2:53 pm Venezuela: Jeremy Corbyn’s favourite country rejects socialism

[…] effects of economic growth are felt most strongly in countries that embrace the full ‘neoliberal’ programme: smaller government (at least […]
on December 12, 2015 at 11:21 am Statist Policies Create Unjust Forms of Inequality | International Liberty

[…] to be fair, they want economic growth. They just don’t support the recipe that produces that outcome. I’m not sure why, but maybe Margaret Thatcher was right and they […]
on December 12, 2015 at 12:51 pm Statist Policies Create Unjust Forms of Inequality | Lex Rex for All

[…] to be fair, they want economic growth. They just don’t support the recipe that produces that outcome. I’m not sure why, but maybe Margaret Thatcher was right and they want […]
on December 16, 2015 at 3:48 pm Biggest Takeaway from Pew Report on Income Trends: Making America More like France Won’t Help the Middle Class | International Liberty

[…] are getting better over time, albeit not as quickly as they would be improving if we followed the right recipe and had smaller government and less […]
on December 17, 2015 at 9:23 am Minimum Wage Mandates Help Workers…into the Unemployment Line | International Liberty

[…] first big observation is the caveat that minimum wage mandates are just one piece of the economic puzzle. The numbers if Greece, for instance, are miserable for many reasons. The minimum wage mandate is […]
on December 17, 2015 at 9:41 am Minimum Wage Mandates Help Workers…into the Unemployment Line - All Things Political Today

[…] first big observation is the caveat that minimum wage mandates are just one piece of the economic puzzle. The numbers if Greece, for instance, are miserable for many reasons. The minimum wage mandate is […]
on January 2, 2016 at 9:39 am Free Markets Are the Way to Create Prosperity, not Foreign Aid | International Liberty

[…] other words, there is a recipe for growth and prosperity. Nations that restrain the size of government and allow markets to flourish enjoy […]
on January 2, 2016 at 6:21 pm Free Markets Are the Way to Create Prosperity, not Foreign Aid | Lex Rex for All

[…] other words, there is a recipe for growth and prosperity. Nations that restrain the size of government and allow markets to flourish enjoy […]
on January 4, 2016 at 11:02 am Free Markets Are the Way to Create Prosperity, not Foreign Aid -

[…] other words, there is a recipe for growth and prosperity. Nations that restrain the size of government and allow markets to flourish enjoy […]
on January 11, 2016 at 10:18 am A Reaganesque Recipe to Reinvigorate China’s Economy? | International Liberty

[…] This is music to my ears. […]
on January 11, 2016 at 7:00 pm A Reaganesque Recipe to Reinvigorate China's Economy? | People's Pundit Daily

[…] This is music to my ears. […]
on February 1, 2016 at 10:51 am New Rankings Reveal How Obamanomics Is Undermining American Competitiveness | International Liberty

[…] more information, here’s the video I narrated on the recipe for growth and […]
on February 1, 2016 at 12:13 pm New Rankings Reveal How Obamanomics Is Undermining American Competitiveness | Lex Rex for All

[…] more information, here’s the video I narrated on the recipe for growth and […]
on February 11, 2016 at 1:45 pm Economic Mobility, Class Warfare, and Poverty | International Liberty

[…] he needs to look at real-world evidence so he can understand that free markets and small government are the right prescription for […]
on February 13, 2016 at 11:11 am The Utter Depravity and Horror of Communism | International Liberty

[…] a series of speeches to civic groups on some of my usual topics, in this case tax policy, the recipe for growth, and libertarian […]
on February 15, 2016 at 12:56 pm The Utter Depravity and Horror of Communism | Lex Rex for All

[…] a series of speeches to civic groups on some of my usual topics, in this case tax policy, the recipe for growth, and libertarian […]
on February 16, 2016 at 11:26 am "While getting lashes or electrification you must not cry at all" - Self-Reliance Central

[…] a series of speeches to civic groups on some of my usual topics, in this case tax policy, the recipe for growth, and libertarian […]
on March 5, 2016 at 12:08 pm A Primer on Growth, Politics, and Taxation | International Liberty

[…] you examine the broad measures of what causes prosperity, tax policy is just one piece of the puzzle. The burden of government spending also is important, […]
on March 11, 2016 at 9:09 am Hong Kong and the Miracle of Compounding Long-Run Growth | International Liberty

[…] Here is some additional evidence of Hong Kong’s sensible approach. Below is a slide from a presentation by Hong Kong government officials, quoting the current Financial Secretary and all his predecessors, covering both the period of Chinese sovereignty and British sovereignty. As you can see, the one constant theme is free markets and small government. […]
on March 16, 2016 at 8:58 pm Milton Friedman bragged on Hong Kong’s free economy in 1980 and Dan Mitchell does in 2016!!! | The Daily Hatch

[…] Here is some additional evidence of Hong Kong’s sensible approach. Below is a slide from a presentation by Hong Kong government officials, quoting the current Financial Secretary and all his predecessors, covering both the period of Chinese sovereignty and British sovereignty. As you can see, the one constant theme is free markets and small government. […]
on March 25, 2016 at 1:10 pm Japan’s Descent into Keynesian Parody | International Liberty

[…] might think that even politicians might learn after repeated failure that big government is not a recipe for […]
on March 26, 2016 at 9:10 pm Japan’s Descent Into Keynesian Parody | EMerging Equity

[…] might think that even politicians might learn after repeated failure that big government is not a recipe for […]
on April 10, 2016 at 12:20 pm Capitalism Rules, Socialism Drools | International Liberty

[…] don’t even need great policies. The key is simply to keep the burden of government at modest levels so the private sector has room to […]
on April 12, 2016 at 7:44 am Capitalism Rules, Socialism Drools | The Wentworth Report

[…] join the first world if they adopt good policies. They don’t even need great policies. The key is simply to keep the burden of government at modest levels so the private sector has room to […]
on April 17, 2016 at 3:10 pm Bernie Sanders Is Crazy even by Left-Wing Standards | International Liberty

[…] of course, is to help rational leftists understand that free markets are just one ingredient in the recipe for prosperity. We also should have small […]
on April 22, 2016 at 2:59 am FRIEDMAN FRIDAY Milton Friedman bragged on Hong Kong’s free economy in 1980 and Dan Mitchell does in 2016!!! | The Daily Hatch

[…] Here is some additional evidence of Hong Kong’s sensible approach. Below is a slide from a presentation by Hong Kong government officials, quoting the current Financial Secretary and all his predecessors, covering both the period of Chinese sovereignty and British sovereignty. As you can see, the one constant theme is free markets and small government. […]
on May 9, 2016 at 11:20 am Private Investment Leads to Progress, Government Income Results in Cronyism | International Liberty

[…] Here’s the recipe for growth and prosperity. […]
on May 10, 2016 at 8:48 am Private Investment Leads to Progress, Government Income Results in Cronyism | Conservative Republican News

[…] Here’s the recipe for growth and prosperity. […]
on May 11, 2016 at 4:45 pm Private Investment Leads to Progress, Government Investment Results in Cronyism | Tea Party News

[…] Here’s the recipe for growth and prosperity. […]
on May 12, 2016 at 7:04 am Three Cheers for Profits and Free Markets April 7, 2015 by Dan Mitchell (With input from Milton Friedman) | The Daily Hatch

[…] are several possible answers to that question. We can take a big-picture view and argue that the key is free markets and small government, and there certainly is lots of evidence in favor of this assertion when you compare countries over […]
on May 12, 2016 at 8:32 am Hong Kong and the Miracle of Compounding Long-Run Growth March 11, 2016 by Dan Mitchell (with video from Milton Friedman) | The Daily Hatch

[…] Here is some additional evidence of Hong Kong’s sensible approach. Below is a slide from a presentation by Hong Kong government officials, quoting the current Financial Secretary and all his predecessors, covering both the period of Chinese sovereignty and British sovereignty. As you can see, the one constant theme is free markets and small government. […]
on May 20, 2016 at 12:54 pm Three Cheers for Sweatshops, Creating Opportunity and Upward Mobility for the World’s Poor People | International Liberty

[…] Sri Lanka does not have a free-market economy, but it’s also not nearly as statist as it used to be. So if the country wants continued growth, at the very least it needs to avoid backsliding. And what it really should do is further shrink government and liberalize the economy. […]
on May 22, 2016 at 11:47 am Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth | International Liberty

[…] But those weak conditions generally are associated with periods when the burden of government is climbing, so the real lesson is that there’s no substitute for a policy of free markets and small government. […]
on May 26, 2016 at 10:20 am Chile, Venezuela, and the Left’s Support of State over Prosperity | International Liberty

[…] it turns out that the abstraction of economic freedom is very important if you want good performance. Here’s another chart from Marian’s article. You can see […]
on May 27, 2016 at 11:01 am Redistribution Does Not Stimulate Growth - American Tea Party Politics

[…] But those weak conditions generally are associated with periods when the burden of government is climbing, so the real lesson is that there’s no substitute for a policy of free markets and small government. […]
on May 29, 2016 at 2:10 pm More Hack Analysis from the IMF | International Liberty

[…] the bureaucrats even concede that free markets and small government generate some good […]
on June 6, 2016 at 9:11 am National Competitiveness and Economic Freedom | International Liberty

[…] moral of the story, though, is that free markets and small government are the recipe for more prosperity. And those policies are probably even more important for nations that face […]
on June 13, 2016 at 12:17 pm Demographics, Insufficient Reform, and the Grim Outlook for Eastern Europe | International Liberty

[…] (damning with faint praise), those nations tend to rank lower for other factors that determine overall economic freedom, such as regulation and the rule of […]
on June 13, 2016 at 6:53 pm Demographics, Insufficient Reform, and the Grim Outlook for Eastern Europe | People's Pundit Daily

[…] (damning with faint praise), those nations tend to rank lower for other factors that determine overall economic freedom, such as regulation and the rule of […]
on June 20, 2016 at 2:14 pm Improbable Success: How Free Markets Created the Chilean Miracle | International Liberty

[…] very high for economic freedom, is a shining example of how small government and free markets are a recipe for good […]
on June 20, 2016 at 3:18 pm Improbable Success: How Free Markets Created the Chilean Miracle | People's Pundit Daily

[…] very high for economic freedom, is a shining example of how small government and free markets are a recipe for good […]
on July 30, 2016 at 8:48 am Venezuela Is Heading for the Fourth Circle of Statist Hell | International Liberty

[…] Maybe it’s just because I’m a wonk, but it seems that comparing long-run growth rates in various nation sets up a slam-dunk argument for the superiority of free markets and small government. […]
on August 1, 2016 at 8:10 am Venezuela Is Heading for the Fourth Circle of Statist Hell | Conservative Republican News

[…] Maybe it’s just because I’m a wonk, but it seems that comparing long-run growth rates in various nation sets up a slam-dunk argument for the superiority of free markets and small government. […]
on August 4, 2016 at 8:27 am Debunking the Anti-Empirical Case for Bigger Government | International Liberty

[…] evidence, he would see that nations can enjoy rapid growth and become rich during periods with small government and free markets, but growth slows considerably once politicians impose high tax rates and lots of […]
on August 5, 2016 at 12:35 am FRIEDMAN FRIDAY Hong Kong and the Miracle of Compounding Long-Run Growth March 11, 2016 by Dan Mitchell (with Milton Fri | The Daily Hatch

[…] Here is some additional evidence of Hong Kong’s sensible approach. Below is a slide from a presentation by Hong Kong government officials, quoting the current Financial Secretary and all his predecessors, covering both the period of Chinese sovereignty and British sovereignty. As you can see, the one constant theme is free markets and small government. […]
on September 6, 2016 at 3:00 pm The Obama Administration’s Assault on the Rule of Law | International Liberty

[…] capricious government power. And this is not a trivial matter. Issues related to the rule of law account for 20 percent of a nation’s grade – the same level of importance as fiscal […]
on September 6, 2016 at 9:00 pm The Obama Administration’s Assault on the Rule of Law | Lex Rex for All

[…] capricious government power. And this is not a trivial matter. Issues related to the rule of law account for 20 percent of a nation’s grade – the same level of importance as fiscal […]
on September 7, 2016 at 8:00 am Obama loves the death tax but listen to what Milton Friedman had to say about it!!! | The Daily Hatch

[…] capricious government power. And this is not a trivial matter. Issues related to the rule of law account for 20 percent of a nation’s grade – the same level of importance as fiscal […]
on September 16, 2016 at 6:33 am The Decline of Economic Liberty During the Bush-Obama Years | International Liberty

[…] almost as if the two major-party candidates have read the recipe for growth and prosperity and have decided to use it as a road map of what not to do. […]
on September 29, 2016 at 3:52 pm Notwithstanding the New Left-Wing Rhetorical Strategy, Higher Taxes and Bigger Government Is Not a Recipe for Growth and Development | International Liberty

[…] bottom line is that small government and free markets is the recipe for growth and prosperity in all […]
on October 3, 2016 at 8:56 am Phillip Hammond and the new interventionism - Conservatives for Liberty

[…] We need a programme of economic liberalisation, not the state picking winners and losers. There is no supporting evidence to suggest that big government can deliver economic growth – quite the opposite. Smaller government; a lower tax and regulatory burden; a stable monetary policy; free trade; and a strong rule of law are the recipe for economic growth. […]
on October 6, 2016 at 6:38 am Theresa May and the return of Tory socialism | Libertarian Right

[…] economic growth, jobs, and prosperity. It is the actions of millions of individuals living in a free society under the rule of law. Want to eliminate poverty? Free up markets, cut taxes and enforce the damned […]
on October 20, 2016 at 12:47 pm As Confirmed by New Global Rankings, Rule of Law Is Why Western Civilization Is Superior | International Liberty

[…] is why issues related to the rule of law account for 20 percent of a nation’s grade in the rankings from Economic Freedom of the […]
on October 21, 2016 at 12:01 am FRIEDMAN FRIDAY Obama loves the death tax but listen to what Milton Friedman had to say about it!!! | The Daily Hatch

[…] capricious government power. And this is not a trivial matter. Issues related to the rule of law account for 20 percent of a nation’s grade – the same level of importance as fiscal […]
on October 25, 2016 at 4:41 pm As Confirmed by New Global Rankings, Rule of Law Is Why Western Civilization Is Superior | Conservative Republican News

[…] is why issues related to the rule of law account for 20 percent of a nation’s grade in the rankings from Economic Freedom of the […]
on October 31, 2016 at 3:05 pm The Foreign Aid Paradox | International Liberty

[…] Instead, they generated growth by limiting the size and scope of government while allowing markets to function. […]
on November 3, 2016 at 11:16 am The Rise and Fall (and Rise) of Sweden | International Liberty

[…] me crazy, but it seems like there’s a lesson here about the right recipe for […]
on November 22, 2016 at 10:54 am Trump Should Follow the Texas (or Hong Kong) Model of Small Government | International Liberty

[…] this brings me joy because the evidence overwhelmingly shows that you get much better results when the size and scope of government is […]
on November 23, 2016 at 7:49 pm Trump should compare France to Hong Kong and then follow Hong Kong’s example of less government!!!! | The Daily Hatch

[…] this brings me joy because the evidence overwhelmingly shows that you get much better results when the size and scope of government is […]
on November 28, 2016 at 10:25 am OECD Economic Research Finds that Government Spending Harms Growth | International Liberty

[…] other words, the moral of the story is that smaller government is good and free markets are good. Mix the two together and you have best of all […]
on December 4, 2016 at 3:21 pm OECD Overlooks Amazing Success of Low-Tax Singapore, Urges Higher Taxes in Asia | International Liberty

[…] is part of what can make a nation rich and successful, but the real goal should be to have a good mix of free markets and small government. Singapore does that, ranking #2 in Economic Freedom of the […]
on December 9, 2016 at 2:50 am FRIEDMAN FRIDAY Trump should compare France to Hong Kong and then follow Hong Kong’s example of less government!!!! | The Daily Hatch

[…] this brings me joy because the evidence overwhelmingly shows that you get much better results when the size and scope of government is […]
on December 10, 2016 at 3:38 pm Defending the World Bank | International Liberty

[…] development in poor nations. Particularly since the policies that we know will work – free markets and small government – oftentimes are hindered by intervention from multilateral institutions such as the World […]
on December 20, 2016 at 3:04 pm Creative Destruction, Job Losses, Technological Change, and Human Progress | International Liberty

[…] At least when the market is allowed to operate with the right set of policies – what I call the recipe for growth and prosperity. […]
on February 3, 2017 at 1:42 pm Just Say No to the Debilitating Drug of Keynesian Stimulus | International Liberty

[…] But does he understand the right recipe for prosperity? […]
on February 9, 2017 at 11:39 am The United Kingdom and the Benefits of Spending Restraint | International Liberty

[…] to now share some caveats. Fiscal policy is only a small piece of what determines good policy, just 20 percent of a nation’s grade according to Economic Freedom of the […]
on March 10, 2017 at 4:02 am A Venezuela está indo para o quarto círculo do inferno estatista – Academia Liberalismo Econômico

[…] Talvez seja só porque sou criterioso, mas parece que comparar as taxas de crescimento de longo prazo entre vários países cria um argumento matador para a superioridade do livre-mercado e do Estado pequeno. […]
on March 10, 2017 at 2:38 pm Welfare, Taxes, the Nanny State, and Supply-Side Economics | International Liberty

[…] he turns his country into a Slavic version of Hong Kong, based on free markets and small government, people will be clamoring to work. But I’m not holding my breath expecting that to […]
on March 26, 2017 at 11:02 am China Won’t Become a Rich Nation if it Follows the OECD’s Bad Advice | International Liberty

[…] The OECD instead should focus on growth and poverty mitigation, goals that naturally lend themselves to pro-market reforms. […]
on March 28, 2017 at 11:18 am Republicans Need to Learn from Ronald Reagan that Good Policy Is Good Politics | International Liberty

[…] three decades, I’ve been trying to convince politicians to adopt good policy. I give them theoretical reasons why it’s a good idea to have limited government. I share with them empirical evidence […]
on March 29, 2017 at 8:44 am Republicans Need to Learn from Ronald Reagan that Good Policy Is Good Politics | Conservative Republican News

[…] three decades, I’ve been trying to convince politicians to adopt good policy. I give them theoretical reasons why it’s a good idea to have limited government. I share with them empirical evidence […]
on March 29, 2017 at 7:08 pm VIDEO On Health Care and Economy GOP Should Learn from Reagan: Good Policy Is Good Politics | Reclaim Our Republic

[…] three decades, I’ve been trying to convince politicians to adopt good policy. I give them theoretical reasons why it’s a good idea to have limited government. I share with them empirical evidence […]
on April 4, 2017 at 2:45 pm Minimum Wage Laws, Jobs, and the Sobering Impact of Decentralization | International Liberty

[…] shower for our friends on the left. Everywhere they look, there is evidence that jurisdictions with free markets and small government outperform places with big welfare states and lots of […]
on April 10, 2017 at 9:19 am New Video Shows the Simple Recipe for Poor Nations to Become Rich Nations – in Spite of Bad Advice from International Bureaucracies | International Liberty

[…] recipe for growth and prosperity isn’t very […]
on April 14, 2017 at 8:09 am Economic Liberty and the Rise and Fall of Nations | International Liberty

[…] bottom line is that there’s no substitute for free markets and limited government. If nations want faster growth and more prosperity, they need to mimic jurisdictions such as Hong […]
on April 21, 2017 at 10:57 am UN, IMF and OECD Call for Higher Taxes, Bigger Gov’t to Elevate Poor Nations – LILES FILES

[…] recipe for growth and prosperity isn’t very […]
on May 6, 2017 at 10:14 am The Invisible Hand of Free Enterprise Enables Great Prosperity | International Liberty

[…] less regulation is an important ingredient in the recipe for growth and prosperity. And nations that do a better job of following that recipe get to enjoy higher living standards, so […]
on May 14, 2017 at 1:58 pm Will the Tories Take Advantage of a Golden Opportunity to Save the United Kingdom? | International Liberty

[…] What matters is whether the overall burden of government is expanding or receding. Maybe May will cap spending (an area where her predecessor did a good job his last few years in office). Maybe she will cut tax rates (the corporate rate already has been slashed and will be reduced to 17 percent over the next few years). […]
on May 20, 2017 at 10:18 am Long-Run Global Growth and Lessons about Inequality and Poverty Reduction | International Liberty

[…] reality, the real story is that the economies of the western world expanded because they found the recipe for growth and […]
on May 23, 2017 at 11:35 am The Five Most Important Takeaways from Trump’s Budget | International Liberty

[…] output. In other words, the entire focus should be on policies that generate spending restraint and policies that facilitate private sector growth. If those two goals are achieved, the burden of red ink is sure to fall. Whether it happens fast […]
on May 30, 2017 at 12:41 pm Trump’s Paid Parental Leave Entitlement: Bad for the Economy, Bad for Women | International Liberty

[…] The best policies for women are the same as the best policies for men (not to mention all the other genders that now exist). Simply stated, allow free markets and small government. […]
on June 9, 2017 at 9:36 am Paging Fox Butterfield: Another Jurisdiction Gets a Painful Lesson about the High Price of High Tax Rates | International Liberty

[…] tempting to overstate the importance of good tax policy. So I’m always reminding myself that all sorts of other factors matter for a jurisdiction’s competitiveness and success, including regulation and government […]
on June 12, 2017 at 8:03 am Paging Fox Butterfield: Another Jurisdiction Gets a Painful Lesson about the High Price of High Tax Rates | Conservative Republican News

[…] all sorts of other factors matter for a jurisdiction’s competitiveness and success, including regulation and government effectiveness (and, for national governments, policies such as trade and monetary policy). […]
on June 21, 2017 at 10:59 am Three Lessons from the Tax Defeat in Kansas | International Liberty

[…] developments keep demonstrating (over and over again) that big government and high taxes are not a recipe for prosperity. That can’t be very encouraging for […]
on July 11, 2017 at 6:20 am In Just Six Minutes, Everything You Need to Know about Spending Caps | International Liberty

[…] Back in April, I shared a new video from the Center for Freedom and Prosperity that explained how poor nations can become rich nations by following the recipe of small government and free markets. […]
on July 13, 2017 at 3:19 am In Just Six Minutes, Everything You Need to Know about Spending Caps – Liberty Community

[…] Back in April, I shared a new video from the Center for Freedom and Prosperity that explained how poor nations can become rich nations by following the recipe of small government and free markets. […]
on August 4, 2017 at 9:46 am Capitalist Reforms Boosting Baltic Prosperity | International Liberty

[…] are these market-oriented policies paying dividends? Has the shift in the direction of free markets and limited government resulted in more […]
on August 5, 2017 at 12:45 pm Capitalist Reforms Boosting Baltic Prosperity

[…] are these market-oriented policies paying dividends? Has the shift in the direction of free markets and limited government resulted in more […]
on August 16, 2017 at 6:24 pm A Two-Question Challenge for Supporters of Intervention and Big Government | International Liberty

[…] the meantime, here’s a video that explains the simple recipe that countries should follow if they want to enjoy growth and […]
on August 18, 2017 at 11:54 am Investment, Productivity, Wages, and Economic Prosperity | International Liberty

[…] I looked at this same issue back in 2012 when writing about the recipe for increased prosperity. I pointed out that capital and labor are the two factors of production and explained that a bigger […]
on August 20, 2017 at 6:24 am The Much-Deserved End of Obama’s Operation Choke Point | International Liberty

[…] P.S. While it’s good that Trump has reversed Operation Choke Point, his Administration has moved in the wrong direction on civil forfeiture policy. One step forward and one step backwards is not a recipe for more growth and prosperity. […]
on August 20, 2017 at 7:54 am Investment, Productivity, Wages, and Economic Prosperity – Liberty Community

[…] I looked at this same issue back in 2012 when writing about the recipe for increased prosperity. I pointed out that capital and labor are the two factors of production and explained that a bigger […]
on August 22, 2017 at 12:02 pm Fantastic! Our objections worked. Goodbye failed Obama plan. Thank you Trump Administration. - Self-Reliance Central

[…] P.S. While it’s good that Trump has reversed Operation Choke Point, his Administration has moved in the wrong direction on civil forfeiture policy. One step forward and one step backwards is not a recipe for more growth and prosperity. […]
on August 28, 2017 at 6:02 am Obama Policy That Encourages Banking Discrimination Is Finally Ending by Daniel J. Mitchell – Dr. Rich Swier

[…] P.S. While it’s good that Trump has reversed Operation Choke Point, his Administration has moved in the wrong direction on civil forfeiture policy. One step forward and one step backward is not a recipe for more growth and prosperity. […]
on August 30, 2017 at 12:11 pm Disagreeing with Liberal Socialism, Despising Marxist Socialism | International Liberty

[…] I disagree with Obama and Clinton, of course, and I would argue that what they want is bad compared to small-government capitalism. […]
on September 12, 2017 at 4:26 pm Income Trends, the Middle Class, and American Prosperity | International Liberty

[…] Yes, growth rates should be faster and incomes should be climbing more rapidly. Especially at the bottom. Whether you look at global data or country-specific data, that’s an argument for free markets and small government. […]
on September 14, 2017 at 7:25 am Private Sector vs Government: The Humor Version | International Liberty

[…] I’ve made very serious (and hopefully substantive) arguments about why small government and free markets are the recipe for prosperity. […]
on September 19, 2017 at 4:34 am Socialism = Many-Headed Hydra | aurorawatcherak

[…] In analyzing the many flavors of socialism, Judis ultimately distilled them into two camps – Marxist Socialism with its apocalyptic abolition of capitalism and Keynes’s Liberal Socialism, which works more gradually toward the incorporation of public power and economic equality within something that pretends to be capitalism. Most of the leftists I know believe in “liberal democracy” and “liberal socialism”, which are both good when you compare them to Marxist socialism which requires totalitarianism to work, but what Obama and Clinton want is still bad compared to small-government capitalism. […]
on September 23, 2017 at 1:46 am Greedy Capitalists' Are the Best at Giving Us What We Want · 2ViewNews

[…] I’ve made very serious (and hopefully substantive) arguments about why small government and free markets are the recipe for prosperity. […]
on October 8, 2017 at 9:36 am Child Labor, Economic Development, and the Folly of Good Intentions | International Liberty

[…] For what it’s worth, child labor was ubiquitous in the western world prior to the explosive growth that was unleashed by free markets and limited government. […]
on October 9, 2017 at 12:26 pm Big Government: Puerto Rico’s Man-Made Disaster | International Liberty

[…] But that doesn’t address the underlying problem of how to generate growth in Puerto Rico. The answer, needless to say, is free markets and small government. […]
on October 14, 2017 at 7:11 am The IMF’s Creative New Rationale for Higher Tax Rates | International Liberty

[…] argument is merely that free markets and small government are a recipe for prosperity. And as a nation becomes richer thanks to capitalism, it’s quite likely that some people will […]
on October 22, 2017 at 10:10 am The International Monetary Fund’s Recipe for Continued Poverty in the Developing World | International Liberty

[…] I suppose I should link to my video on the recipe for growth and […]
on October 26, 2017 at 5:36 pm According to Bizarre Rankings from Jeffrey Sachs, Cuba Scores above the United States for Achieving the U.N.’s “Sustainable Development Goals” | International Liberty

[…] presumably everyone wants things such as less poverty, a cleaner environment, better education, and more growth, […]
on October 30, 2017 at 11:31 am According to Bizarre Rankings from Jeffrey Sachs, Cuba Scores above the United States for Achieving the U.N.’s “Sustainable Development Goals” - Self-Reliance Central

[…] everyone wants things such as less poverty, a cleaner environment, better education, and more growth, […]
on November 14, 2017 at 10:44 am 100 Years of Communism, 100 Million Deaths, and the Economic Performance of Nations that Escaped Soviet Tyranny | International Liberty

[…] The obvious moral of the story is that nations will grow faster and generate more prosperity if they follow the recipe of free markets and limited government. […]
on November 16, 2017 at 10:38 am The Most Depressing Chart about Japan | International Liberty

[…] sounds like an easy topic since I can simply explain that free markets and small government are the universal recipe for growth and […]
on November 20, 2017 at 8:30 am The Most Depressing Chart about Japan | People's Pundit Daily

[…] like an easy topic since I can simply explain that free markets and small government are the universal recipe for growth and […]
on November 20, 2017 at 1:44 pm The Economic Tragedy of Zimbabwe | International Liberty

[…] answer, you won’t be surprised to learn, is bad policy. They’ve taken the recipe for good policy and done the […]
on November 24, 2017 at 10:17 am If Chile’s “Neoliberal” Experiment Is a Failure, Why Is the Nation More Prosperous than the Rest of Latin America? | International Liberty

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on December 4, 2017 at 9:37 pm What Happens After a Nation Escapes Communism? – Mises Canada

[…] The obvious moral of the story is that nations will grow faster and generate more prosperity if they follow the recipe of free markets and limited government. […]
on December 12, 2017 at 1:55 pm Chile's "Failed" Neoliberal Reform Is Looking Pretty Good | Me Stock Broker

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on December 12, 2017 at 2:39 pm Chile’s “Failed” Neoliberal Reform Is Looking Pretty Good – The San Andreas Times

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on December 12, 2017 at 2:42 pm Chile’s “Failed” Neoliberal Reform Is Looking Pretty Good - Telzilla

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on December 13, 2017 at 5:35 am Chile’s “Failed” Neoliberal Reform Is Looking Pretty Good – Rio Rancho Tribune

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on December 21, 2017 at 8:37 am The Win-Win-Win-Loss of Tax Reform | International Liberty

[…] keep in mind that fiscal policy only accounts for about 20 percent of a nation’s economic performance. And if taxes and spending each account for half of that […]
on December 22, 2017 at 10:00 am The Win-Win-Win-Loss of Tax Reform | People's Pundit Daily

[…] keep in mind that fiscal policy only accounts for about 20 percent of a nation’s economic performance. And if taxes and spending each account for half of that […]
on January 4, 2018 at 10:30 am Falling Red Tape = Rising Economic Growth | International Liberty

[…] tape accounts for 20 percent of a nation’s grade according to Economic Freedom of the World. If the current deregulatory momentum is sustained, the […]
on January 4, 2018 at 11:32 am Falling Red Tape = Rising Economic Growth - Self-Reliance Central

[…] tape accounts for 20 percent of a nation’s grade according to Economic Freedom of the World. If the current deregulatory momentum is sustained, […]
on January 20, 2018 at 10:32 am Grading Trump’s Boston-Phone-Book Presidency | International Liberty

[…] let’s look at the five major policy areas that determine a nation’s level of economic liberty and see whether Trump is moving America […]
on February 7, 2018 at 10:29 am Will Trump Sabotage America’s Economy by Wrecking NAFTA? | International Liberty

[…] fully agree. It’s worth noting that trade policy is just as important as fiscal policy according to Economic Freedom of the […]
on February 22, 2018 at 11:05 am ECB Research: Pro-Market Reforms Generate Very Positive Results, but not Overnight Miracles | International Liberty

[…] Fraser Institute’s Economic Freedom of the World is the gold standard when looking at overall economic policy. It considers five major factors – fiscal policy, trade policy, regulatory policy, monetary […]
on February 25, 2018 at 2:22 pm If Scandinavian Nations Are Socialist, so Is the United States | International Liberty

[…] this chart from Economic Freedom of the World will help. It shows, based on the five major categories of economic liberty, that the once-significant gap between the United States and Scandinavia has almost completely […]
on February 26, 2018 at 10:17 am ECB Research: Pro-Market Reforms Generate Very Positive Results, Not Overnight Miracles | People's Pundit Daily

[…] Fraser Institute’s Economic Freedom of the World is the gold standard when looking at overall economic policy. It considers five major factors – fiscal policy, trade policy, regulatory policy, monetary […]
on March 2, 2018 at 3:45 pm The Importance of Property Rights – with South Africa as a Sad Example of What Not to Do | International Liberty

[…] an easy way to judge whether countries have good economic policy or bad economic policy. Simply look at the Fraser […]
on March 5, 2018 at 10:16 am The Importance of Property Rights – South Africa a Sad Example of What Not to Do | People's Pundit Daily

[…] an easy way to judge whether countries have good economic policy or bad economic policy. Simply look at the Fraser […]
on March 13, 2018 at 12:36 pm Is Good Globalism Being Undermined by Bad Globalism? | International Liberty

[…] biggest challenge, when I talk to politicians about the free-market agenda, is convincing them that they should restrain the growth of government. To be more specific, I […]
on March 27, 2018 at 10:18 am Three Great Moments in Regulation | International Liberty

[…] a policy wonk, I mostly care about the overall impact of government on prosperity. So when I think about the effect of red tape, I’m drawn to […]
on March 29, 2018 at 9:17 am Economic Policy Matters: The Example of Botswana vs. South Africa vs. Zimbabwe | International Liberty

[…] Korea vs. South Korea, or Hong Kong vs. Argentina, the results always show that economic liberty is the recipe for growth and […]
on March 29, 2018 at 9:17 am Economic Policy Matters: The Example of Botswana vs. South Africa vs. Zimbabwe | International Liberty

[…] Korea vs. South Korea, or Hong Kong vs. Argentina, the results always show that economic liberty is the recipe for growth and […]
on March 29, 2018 at 12:28 pm Economic Policy Matters: The Example of Botswana vs. South Africa vs. Zimbabwe | ZimFocus | Zimbabwe News

[…] vs. South Korea, or Hong Kong vs. Argentina, the results always show that economic liberty is the recipe for growth and […]
on April 1, 2018 at 2:41 pm Why Botswana Is Better Off Than Zimbabwe (Republished) – Eccentric Delusions of Neb

[…] vs. South Korea, or Hong Kong vs. Argentina, the results always show that economic liberty is the recipe for growth and […]
on April 6, 2018 at 3:47 pm Is Bad Globalism Currently Undermining Good Globalism?

[…] biggest challenge, when I talk to politicians about the free-market agenda, is convincing them that they should restrain the growth of government. To be more specific, I […]
on April 12, 2018 at 8:59 am Economic Freedom in Europe | International Liberty

[…] a hypothetical European nation would rank if it cherry-picked the best real-world scores (for the five major indices) of the various EU […]
on April 13, 2018 at 1:04 am La política económica importa: El ejemplo de Botsuana frente a Sudáfrica y Zimbabue, por Mises Hispano. – Minarquia 2

[…] Corea del Sur o Hong Kong con Argentina, los resultados siempre muestran que la libertad económica es la receta para el crecimiento y la […]
on April 30, 2018 at 5:47 pm A Venezuela está indo para o quarto círculo do inferno estatista | Academia Liberalismo Econômico

[…] crescimento de longo prazo entre vários países cria um argumento matador para a superioridade do livre-mercado e do Estado pequeno […]
on May 10, 2018 at 3:00 pm The IMF’s Reprehensible Campaign for Continued Poverty in Sub-Saharan Africa | International Liberty

[…] keep in mind that fiscal policy is just one piece of the puzzle. As explained in Economic Freedom of the World, a nation’s prosperity also is […]
on May 16, 2018 at 1:05 am Cómo el FMI mantiene en la pobreza al África subsahariana, por Mises Hispano. – Minarquia 2

[…] tened en cuenta que la política fiscal es solo una pieza del rompecabezas. Como se explica en Economic Freedom of the World, la prosperidad de una nación […]
on May 22, 2018 at 11:00 am Creative Destruction Is the Best and Worst Part of Capitalism | International Liberty

[…] run. The best way to help workers and investors who suffer from creative destruction is to have pro-growth policies so that if you’re in a disrupted sector, you have plenty of opportunities to quickly […]
on June 25, 2018 at 8:20 am Chiles „neoliberale“ Reformen – Ludwig von Mises Institut Deutschland

[…] meinen Reisen in der ganzen Welt habe ich etwas Interessantes festgestellt: Die Verfechter von freien Märkten und Minimalstaaten sind überall als „Liberale“ bekannt – außer in […]
on July 6, 2018 at 8:37 am Debating Trump’s Tax Reform | International Liberty

[…] a less-destructive tax code. That doesn’t guarantee fast growth since we also have to look at other policies, but it will […]
on July 9, 2018 at 1:24 pm Chile’s “Failed” Neoliberal Reform Is Looking Pretty Good – NewsWars

[…] of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North […]
on July 10, 2018 at 1:14 pm The Miracle of Compounding Growth | International Liberty

[…] eventually I’ll speculate that an ideal set of policies might increase growth by 1 percent […]
on July 10, 2018 at 1:46 pm Trump’s Corporate Tax Cuts Were a Good First Step – But More Can Be Done - Novus Vero

[…] a less-destructive tax code. That doesn’t guarantee fast growth since we also have to look at other policies, but it will […]
on July 13, 2018 at 11:02 am The Miracle Of Compounding Growth Applies To Economic Policy, Too

[…] eventually, I’ll speculate that an ideal set of policies might increase growth by 1 percent annually, which, once again, doesn’t seem to impress […]
on July 13, 2018 at 12:09 pm Is Norway a Role Model for “Democratic Socialism”? | International Liberty

[…] But we’re not Hong Kong or Singapore, so we both obviously should do a better job of following the recipe for greater prosperity. […]
on July 15, 2018 at 6:21 pm The U.S. and Norway are not democractic socialist nations but nor are we Singapore or Hong Kong – San Gabriel Tutor

[…] But we’re not Hong Kong or Singapore, so we both obviously should do a better job of following the recipe for greater prosperity. […]
on July 24, 2018 at 7:22 am World Bank Compares Chile and Venezuela | International Liberty

[…] But I noticed that I created that chart back in 2011 and it only shows data for the years between 1980 and 2008. And I thought that might lead students to think I was deliberately omitting recent years because the data somehow contradicts my message about free markets and small government. […]
on July 26, 2018 at 1:02 am Capitalismo: por qué Chile es mucho más rico que Venezuela | Cubamatinal

[…] Pero me he dado cuenta de que creé ese gráfico en 2011 y solo muestra los datos entre 1980 y 2008. Y pensé que eso podría llevar a los estudiantes a pensar que estaba omitiendo deliberadamente los años recientes porque los datos de alguna manera contradecían mi mensaje acerca de los mercados libres y el gobierno pequeño. […]
on July 26, 2018 at 9:31 am China, Tax Reform, and Competitiveness | International Liberty

[…] there is a pre-existing recipe for growth and prosperity. China needs to change the various policies that undermine […]
on July 26, 2018 at 6:01 pm Capitalism: Why Chile Is So Much Richer Than Venezuela | peoples trust toronto

[…] But I noticed that I created that chart back in 2011 and it only shows data for the years between 1980 and 2008. And I thought that might lead students to think I was deliberately omitting recent years because the data somehow contradicts my message about free markets and small government . […]
on July 26, 2018 at 6:14 pm Capitalism: Why Chile Is So Much Richer Than Venezuela | Newzsentinel

[…] But I noticed that I created that chart back in 2011 and it only shows data for the years between 1980 and 2008. And I thought that might lead students to think I was deliberately omitting recent years because the data somehow contradicts my message about free markets and small government . […]
on July 26, 2018 at 9:18 pm Capitalism: Why Chile Is So Much Richer Than Venezuela | Zero Hedge | TRUMPUSSOLINI

[…] But I noticed that I created that chart back in 2011 and it only shows data for the years between 1980 and 2008. And I thought that might lead students to think I was deliberately omitting recent years because the data somehow contradicts my message about free markets and small government . […]
on July 27, 2018 at 1:06 am Capitalismo: Por qué Chile es mucho más rico que Venezuela, por Mises Hispano. – Minarquia 2

[…] Pero me he dado cuenta de que creé ese gráfico en 2011 y solo muestra los datos entre 1980 y 2008. Y pensé que eso podría llevar a los estudiantes a pensar que estaba omitiendo deliberadamente los años recientes porque los datos de alguna manera contradecían mi mensaje acerca de los mercados libres y el gobierno pequeño. […]
on July 29, 2018 at 11:56 am Rich Nations that Enact Big Government Don’t Remain Rich | International Liberty

[…] to be rich and no country is doomed to poverty. It’s simply a question of whether they follow the right recipe for growth and […]
on July 30, 2018 at 7:46 am Economic Boom from the Trump Tax Cuts? A Pro-Con Analysis | International Liberty

[…] it’s also difficult to predict the effect on economic performance. If you look at the formula for a prosperous economy, there’s no way of predicting whether Trump is a net positive or a […]
on August 2, 2018 at 5:48 am Tax cuts, pro, con and pro – Steve Prestegard.com: The Presteblog

[…] it’s also difficult to predict the effect on economic performance. If you look at the formula for a prosperous economy, there’s no way of predicting whether Trump is a net positive or a […]
on August 7, 2018 at 11:46 am What Will Cause the Next Recession? | International Liberty

[…] often discuss the importance of long-run growth and I pontificate endlessly about the policies that will produce better economic […]
on August 10, 2018 at 3:00 pm What Will Cause the Next Recession? | People's Pundit Daily

[…] often discuss the importance of long-run growth and I pontificate endlessly about the policies that will produce better economic […]
on August 15, 2018 at 11:30 am The Link Between Economic Liberty and National Prosperity | International Liberty

[…] is why policymakers should focus on the policies that generate good […]
on August 17, 2018 at 8:06 am Around the World, We See the The Link Between Economic Liberty and National Prosperity – Investing Video & Audio Jay Taylor Media

[…] is why policymakers should focus on the policies that generate good […]
on August 18, 2018 at 10:33 am Forget Globalism: There’s a Link Between Economic Liberty and National Prosperity - HiddenHandNews

[…] is why policymakers should focus on the policies that generate good […]
on August 20, 2018 at 2:29 pm Paul Krugman Is Learning the Wrong Lesson from Denmark | International Liberty

[…] I pointed out that nations with onerous fiscal burdens can still rank relatively high if they have a very pro-market approach in other […]
on August 21, 2018 at 8:07 am Paul Krugman Learns the Wrong Lesson from Denmark – Investing Video & Audio Jay Taylor Media

[…] I pointed out that nations with onerous fiscal burdens can still rank relatively high if they have a very pro-market approach in other […]
on August 22, 2018 at 4:13 am Paul Krugman Learns The Wrong Lesson From Denmark – students loan

[…] I pointed out that nations with onerous fiscal burdens can still rank relatively high if they have a very pro-market approach in other […]
on August 22, 2018 at 4:16 am Paul Krugman Learns The Wrong Lesson From Denmark | peoples trust toronto

[…] I pointed out that nations with onerous fiscal burdens can still rank relatively high if they have a very pro-market approach in other […]
on August 22, 2018 at 4:41 am Paul Krugman Learns The Wrong Lesson From Denmark – TCNN: The Constitutional News Network

[…] I pointed out that nations with onerous fiscal burdens can still rank relatively high if they have a very pro-market approach in other […]
on August 22, 2018 at 10:44 am The Economics of Convergence | International Liberty

[…] bottom line is that there is a recipe for growth and prosperity. That’s the good […]
on August 31, 2018 at 8:14 am Trump and the Economy | International Liberty

[…] a recent interview, I got a chance to pontificate about the recipe for growth and […]

Comments RSS

	Should We Upgrade Ou… on Ranking Presidents on Economic…
	Should We Upgrade Ou… on Two Very Depressing Charts for…
	Should We Upgrade Ou… on Dodd-Frank: A Wall Street-Supp…
	Should We Upgrade Ou… on More Perverse (but Predictable…
	Should We Upgrade Ou… on White House Stimulus Report Ba…

International Liberty

Restraining Government in America and Around the World

What’s the Recipe for Growth and Prosperity?

353 Responses

Leave a Reply Cancel reply

Email Subscription

Recent Posts

Pages

Visitors (beginning December 23, 2010)

Archives

Recent Comments

Categories

February 2012
M	T	W	T	F	S	S
« Jan				Mar »
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29

International Liberty

Restraining Government in America and Around the World

What’s the Recipe for Growth and Prosperity?

Rate this:

Share this:

Like this:

Related

353 Responses

Leave a Reply Cancel reply

Email Subscription

Recent Posts

Pages

Visitors (beginning December 23, 2010)

Archives

Recent Comments

Categories