The Next Financial Crisis
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
The euro zone is not prepared to contain a new financial crisis
New Brazilian president Bolsonaro does not pretend to understand much about economics, but some of his advisors may move in the right direction.
The ideas of Mises, Rothbard, and Hoppe have sparked an intellectual revolution in Brazil, and the country's left fears it.
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!
In the market economy there are no conflicts between the interests of the buyers and sellers.
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.
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.