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Global EconomyWorld History
New Brazilian president Bolsonaro does not pretend to understand much about economics, but some of his advisors may move in the right direction.
Global EconomyStrategyPolitical Theory
The ideas of Mises, Rothbard, and Hoppe have sparked an intellectual revolution in Brazil, and the country's left fears it.
Financial MarketsGlobal EconomyMoney and Banks
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
Big GovernmentFinancial MarketsGlobal Economy
Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.
As they did with Trump, the media categorizes Brazil's Bolsonaro as a “hateful” candidate, but it never tries to take a serious look at how Brazilians have suffered under leftist regimes.
The FedFinancial MarketsGlobal Economy
We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.
The last thing the left wants is for people to understand that poor nations only become rich nations with free markets and small government.
Chile would be even better off today had it adopted Mises-style laissez-faire over Milton Friedman's monetarism. But even a Friedmanian regime is far superior to the Keynesian economies that have ruined Argentina and Brazil.
Global EconomyMoney and BanksMoney and Banking
China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.
We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.