Global Economy

Displaying 61 - 70 of 1587

Mexico’s Unexpected Fiscal Sanity

Global EconomyTaxes and Spending

Blog08/24/2020

President López Obrador of Mexico has surprisingly been a voice of fiscal sanity, refusing to embrace the sorts of enormous stimulus packages that are now so popular worldwide.

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The Global Jobless Recovery

Global EconomyLabor and Wages

Blog08/22/2020

So far, the United States is leading Europe in employment improvement, but the full recovery is extremely far away.

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A Brief History of the Gold Standard, with a Focus on the United States

Global EconomyU.S. HistoryGold Standard

Blog08/14/2020

Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.

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GDP, Free Trade, and Prosperity

Global EconomyProtectionism and Free Trade

Blog07/23/2020

GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.

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The World Is Drowning in Debt

Big GovernmentGlobal EconomyTaxes and Spending

Blog07/21/2020

Debt is neither free nor irrelevant, as interventionists want us to believe, even if interest rates are low. More debt means less growth and a slower exit from the crisis, with lower productivity growth and a tepid employment improvement. 

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Europe's Bailouts Risk a Full-Blown Financial Crisis

Global EconomyMoney and Banks

Blog07/06/2020

Euro governments are planning to use the banking system for widespread bailouts in the wake of the COVID-19 shutdowns. This could bring about a new financial crisis.

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The COVID Crisis Supercharged the War on Cash

Global EconomyMonetary PolicyMoney and Banks

Blog06/30/2020

The COVID panic gave the world's regimes a new reason to claim that physical cash should be outlawed. But this is just one of many strategies now in play to end the relative privacy and freedom cash provides.

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Central Bankers Will Bring Us Economic Stagnation

Financial MarketsGlobal EconomyMoney and Banks

Blog06/22/2020

Central bank policies that rely on ultralow interest rates have been shown to bring economic stagnation. Unfortunately, central bankers don't seem to have any other ideas.

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Even if COVID-19 Goes Away, the Economy Isn't Going Back to "Normal"

The FedGlobal EconomyU.S. History

Blog06/18/2020

When the current panic and crisis began, we were already in the late stages of a long asset price bubble. The crisis has exposed the fragility of the current system and we won't be going back to where we were before.

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An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

Booms and BustsGlobal Economy

Blog05/30/2020

The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even...

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