Global Economy

It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.

2018 was the year when, yet again, the socialist model proved its inability to generate benefits for a population

Even though security might be a necessary condition for development, it is not a sufficient one.

J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.

The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.

Vytas Žukauskas tells the story of Lithuania after the Soviet Union.

Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.

Pumping yet more credit into the Eurozone is as effective as giving adrenalin to a dead horse. 

Existing political tensions within the EU are certain to escalate as the EU falls behind in global economic power, and Brussels, hooked on profligacy, for the first time faces budget cuts.