Global Economy

The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde. 

Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.

Bob Murphy interviews researcher and Columbia economics professor Wojciech Kopczuk.

Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?

Japan's once-envied economy is now in shambles. The European economy, built on the same shaky tenets, is crumbling, too. Where to go from here?

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

Trade agreements have thus become obsolete tokens of negotiation in larger geopolitical disputes, protectionist tools for managing and interfering with global trade flows. 

The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.

Rahim Taghizadegan from the independent Viennese Scholarium offers a European perspective on the anti-economics of negative interest rates

Anti-market activists in Argentina try to blame the country's economic woes on markets, but the populist movement of Peronism is what has doomed the country to endless cycles of economic and monetary crises.