Global Economy

Venezuela illustrates Mises’s argument that economic intervention, if unchecked, leads to socialism.
 

In a recent appearance on RT, Mark Thornton discusses the economics of Bitcoin.

A few days after the victory of Cristina Fernandez de Kirchner in Argentina the government imposed foreign exchange controls.

In a speech in the European Parliament during a debate over the “problem” of

The transfer of bad debts to the balance sheets of governments and central banks cannot undo the destruction of wealth.

If Germany has competitive labor costs and can build a better widget, where is the problem?

How does one know when a bubble is forming? Could it be as simple as applying a psychologist’s diagnosis? 

European politicians and central bank policy-makers seek to maintain a monopoly over the power to create money.

Central banks are becoming the real centers of political power.

By late 2010, inflation-adjusted income in Iceland was down over 35 percent.  Inflating one’s currency may give the appearance of recovery, but the truth is somewhat less rosy.