Global Economy

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.

The particular crises to which Keynes reacted were themselves the products of misguided government policies.

Rafael Acevedo presents during the "Comparative Economics" session at the 2019 Libertarian Scholars Conference in New York City.

There seems to be an increasing consensus that a global recession is coming soon. The good news is that the Spanish private sector is much better prepared than it was in 2007.

State intervention and a crushing fiscal policy made the whole empire groan under the yoke; more than once, both poor men and rich prayed that the barbarians would deliver them from it.

The question is not whether economic progress makes people happy. Most mothers feel happier if their children survive, and most people feel happier without tuberculosis than with it.

The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.