Global Economy

In this episode, Murphy clarifies what is right and wrong on comparative advantage.

Tom DiLorenzo appears on Stacy Washington NOW to explain why there is no shortcut to economic prosperity.

Sponsored by Dan Johnson and Randee Laskewitz.

It is ironic that the leaders of the American state are quick to condemn foreign dictators as irrational when their own policies are often irrational themselves.

With the European economy remaining relatively stagnant and government debt levels climbing to disturbing levels, it's possible that some of these countries will see another debt crisis like we saw in Greece more than a decade ago.

So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.

With the European economy remaining relatively stagnant and government debt levels climbing to disturbing levels, it's possible that some of these countries will see another debt crisis like we saw in Greece more than a decade ago.

Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes.

What changed? Justin Trudeau's campaign to convert Canada from a US-style mixed economy into a state-dominated economy like the sick men of the EU.

Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance.