Global Economy

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The Chinese Slowdown: Much More Than Covid

Booms and BustsFinancial MarketsGlobal Economy

Blog05/07/2022

It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.

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The Great Reset VII: Capitalism for the Rich and Socialism for the Poor

Cronyism and CorporatismGlobal EconomyPolitical Theory

Blog04/20/2022

Michael Rectenwald takes on the progressive canard of "socialism for the rich, capitalism for the poor," in which the government protects the wealthy but throws everyone else to the tender mercies of rapacious capitalism.

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To Fight Russia, Europe's Regimes Risk Impoverishment and Recession for Europe

Global Economy

Blog04/19/2022

Politicians have become accustomed to conjuring whatever they want through the “miracle” of printing money. But in the real world, it’s still necessary to produce oil and gas through actual physical production. 

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Heavy Sanctions against Russia Could Usher in a Wider Economic War

Global EconomyWar and Foreign Policy

Blog04/09/2022

The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes.

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Understanding How Balance of Payments and Exchange Rates Work

Central BanksGlobal EconomyMonetary Theory

Blog03/17/2022

Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.

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China Needs to Pop Its Property Bubble

Global Economy

Blog03/05/2022

Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.

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The Legacy of Angela Merkel: Kicking the Can Down the Road

Global Economy

Blog03/05/2022

In the months since Angela Merkel’s departure from the German chancellorship after sixteen years in power, the editorials praising her reign have been legion. This is not one of them.

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The Avocado Ban Shows the High Cost of Nontariff Protectionism

Global EconomyProtectionism and Free Trade

Blog02/18/2022

This week's avocado ban—and the behind-the-scenes regulatory regime governing avocado imports—reminds us that there is no such thing as free trade between the US and Mexico.

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The Covid Panic Brought Even More Economic Zombification

Global Economy

Zombie companies, which were already a problem in 2019, have not only not been killed off but have multiplied. The zombie apocalypse could be closer than we imagine.

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The Growing Pile of Public Debt Shows that Inflation Is Here to Stay

Global Economy

Blog02/09/2022

One obstacle to weeding out inflation is the large stock of public debt, which is growing even in countries once known for relative fiscal frugality. This suggests interest rates must be kept low indefinitely.

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