Global Economy

Devaluation means monetary expansion. The resulting bubble is misinterpreted as the success of devaluation. There ensues a disastrous race to the bottom.

As important as it is to dissolve the euro, there are significant exit problems.

The costs and risks of remaining within the European Monetary Union (EMU) are already immense and rising.

The highest cost of the Fed policy may be liberty in Europe.

Presented in 1985 as a part of the Mises Institute’s “Washington Seminar Series” in Washington DC.

Despite the obvious benefits of liberalization, India still continues to centrally plan the economy and indulge in socialistic schemes.

If it were true that we could create prosperity merely by making goods to give away, then we would not have to give them to foreign countries.

To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.

Governments cannot rebel against the preponderance of generally accepted ideologies, however fallacious.