7 Steps Toward a More Sensible Foreign Policy
A policy of non-intervention and free trade can move us a long way toward a more peaceful international order.
Global Economy
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Why Emmanuel Macron’s Surge Is Unlikely to Change Anything
Emmanuel Macron is telling everyone what they want to hear. But what France needs isn't popular at all: a big dose of free markets.
What Trump Means: A European Perspective
Almost all political events and ongoing developments in Europe are now interpreted in light of Trump’s victory.
The Fed’s Dependence on the Consumer Will Backfire
The Fed pretends it wants to normalize interest rates in an economy built on the fragility of broke consumers.
With Its Leftist President Gone, Can Brazil Set the Economy Free?
Some pro-freedom reforms are making gains in Brazil. But we still have a long way to go.
Economic Globalization Is Not Political Globalization
The two types of globalization should not be confused.
Which is Worse — A Trade Surplus or a Trade Deficit?
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Donald Trump Is the Least of Latin America’s Worries
The regimes of Latin America have been quite successful at destroying their own economies — without any help from Donald Trump.
Will “Big Data” Make a Centrally Planned Economy Possible?
Statistical data about past purchases is not the same thing as market prices. And prices are what make a functioning economy possible.
