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Global EconomyTaxes and Spending
“Corruption is a regular effect of interventionism,” Ludwig von Mises once wrote, and we see this principle at work today in the European Union.
European bureaucrats thinks tax rates should be similar across the zone. But they naturally want all tax rates to "harmonize" at high rates, like those in France.
Free MarketsGlobal EconomyLabor and Wages
The answer to why people continue to work in such deplorable conditions is pretty simple: they don’t have any other options.
Global EconomyProtectionism and Free TradeU.S. Economy
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.
China's so-called "unfair" trading practices really hurt China more than they hurt American businesses.
Global EconomyMoney and BanksMoney and Banking
As planned by Chavez, barter is indeed replacing currency transactions throughout the economy but with hardly the results the late socialist envisioned.
The UK's economy is stronger than the EU and never collapsed as a result of the Brexit vote — as was predicted — but the UK is oddly acting like it needs the EU.
Europe's new tech regulations are especially damaging to small companies, thus helping tech giants like Google.
If Scandinavian countries are socialist, then so is the United States.
The challenge from now on for OPEC and for oil producers is not to seek artificial price inflation, but to improve efficiency.