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The relative lack of inflation in Japan doesn't mean real wages haven't fallen.

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

Between Western sanctions and its own statist economic intervention, the Russian economy is headed downward and there is not much optimism ahead.

The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.

When the USSR collapsed, it was hoped that Russia would develop a free market economy and respect individual rights. Unfortunately, the situation there is deteriorating.

Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support.

As the economy begins to slow, the results of the Fed's money pumping are showing up in mergers and acquisitions.

The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.

France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.

Much of what we might call monopoly capitalism (or crony capitalism) can be tied to intellectual property laws.