Global Economy

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.

Daniel Lacalle and Jeff Deist discuss why all of us have a stake in seeing central bank balance sheets shrink.

Chile would be even better off today had it adopted Mises-style laissez-faire over Milton Friedman's monetarism. But even a Friedmanian regime is far superior to the Keynesian economies that have ruined Argentina and Brazil.

The principal characteristic shared by Socrates, Plato, and Aristotle — the three greatest philosophers of ancient Greece — was their inability to grasp the essential principles of the spontaneous market order and its dynamic process of social cooperation.

China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.

While the outrage over Maduro’s dinner with "Salt Bae" is well deserved, it's just a taste of how socialism actually operates in the real world. 

We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.