Global Economy

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.
 

Most economists and policy analysts seem to have a superficial reading of economic variables.
 

No government planner can compete with the resource allocation efficiency of a market system.

The dollar is very susceptible to losing its vaunted reserve currency position.

The two largest economic crises in Latin America in the last 60 years occurred after the two largest periods of loose monetary policy by the Fed: 1980 and 2009.

 What are the benefits a country reaps from immigrants flowing in? Instead of lamenting immigrants we should be welcoming them. The immigration debate, whether it occurs in Saudi Arabia, the United States, or even Canada, really boils down to answering a simple question: Do we want
    to import workers or goods?

Trade is in its nature free, finds its own channel, and best directs its own course.

Pro-austerity or anti-austerity? There is a third way, the Austrian way of less spending and lower taxes.

This skyscraper craze is a massive misallocation of resources resulting from indiscriminate investment promotion by local governments.