Freedom and Economic Growth in the Poorest Countries
There can be no doubt: even a little bit of freedom lifts people up, even the poorest countries.
Global Economy
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The Fed and the ECB: Two Paths, One Goal
Both the Federal Reserve and the European Central Bank are owners of the printing press. They produce base money.
How Canada Escaped the Global Recession
Strangely, Canada finds itself at the most pro-market limit of the political spectrum.
The Economics of Big Cities
Thinking through the economics of big cities sheds light on general principles of free markets.
Who’s Afraid of Deflation?
Should the central bank try to simulate the banking system and stabilize money velocity?
The Pretense of Medical Knowledge
We should hope that the medical art is not co-opted by governing elites (including those with an MD or MPH after their name) who believe that practicing medicine is as easy as checking off boxes and interpreting numbers on a computer screen. Such a simplistic view is undoubtedly a fatal conceit.
Extortion, Private and Public: The Case of Chiquita Banana
Lefties have protested against Chiquita Banana for so long that most activists probably forget why they are supposed to hate the company.
The Euro: Its Inevitable End
The political project of the euro is in deep trouble. Governments have pledged three-quarters of a trillion of our euros to put out the debt-crisis wildfire, yet interest rates on troubled sovereign debts are even higher than before the announcement of the bailout.
Anarchy in Somalia
Somalia is experiencing progress according to several criteria, despite (or, some would say, because of) its lack of a strong central government. As a result, it is by far the fastest growing, fastest improving among all the less developed countries. This should be a model for the world.
