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Big GovernmentFinancial MarketsGlobal Economy
Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.
Global EconomyWorld History
As they did with Trump, the media categorizes Brazil's Bolsonaro as a “hateful” candidate, but it never tries to take a serious look at how Brazilians have suffered under leftist regimes.
The FedFinancial MarketsGlobal Economy
We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.
The last thing the left wants is for people to understand that poor nations only become rich nations with free markets and small government.
Chile would be even better off today had it adopted Mises-style laissez-faire over Milton Friedman's monetarism. But even a Friedmanian regime is far superior to the Keynesian economies that have ruined Argentina and Brazil.
Global EconomyMoney and BanksMoney and Banking
China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.
We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.
Big GovernmentGlobal EconomySocialism
While the outrage over Maduro’s dinner with "Salt Bae" is well deserved, it's just a taste of how socialism actually operates in the real world.
The FedGlobal EconomyBusiness Cycles
Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.
The rot that Hugo Chávez spread throughout Venezuela had been put into place decades earlier by the creation of a seemingly benign welfare state.