Global Economy

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Why Emmanuel Macron's Surge Is Unlikely to Change Anything

Global EconomyTaxes and SpendingPolitical Theory

Blog03/02/2017
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.

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With Its Leftist President Gone, Can Brazil Set the Economy Free?

Global EconomyPolitical Theory

Blog02/26/2017
Some pro-freedom reforms are making gains in Brazil. But we still have a long way to go.

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Economic Globalization Is Not Political Globalization

Global EconomyPhilosophy and MethodologyPolitical Theory

Blog02/26/2017
The two types of globalization should not be confused.

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Which is Worse — A Trade Surplus or a Trade Deficit?

Financial MarketsGlobal EconomyMoney and BanksPolitical Theory

Blog02/22/2017
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.

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Free Markets at Home Are the Solution to Companies Moving Abroad

Free MarketsGlobal EconomyPolitical Theory

Blog02/14/2017
Free trade can help economies overcome many obstacles to wealth. Unfortunately, governments are often the ones who create those obstacles.

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Donald Trump Is the Least of Latin America's Worries

Global EconomyWorld HistoryPolitical Theory

Blog02/10/2017
The regimes of Latin America have been quite successful at destroying their own economies — without any help from Donald Trump.

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Week in Review: February 11, 2017

The FedGlobal EconomyWorld HistoryEntrepreneurship

Blog02/10/2017
Will Donald Trump reshape the Federal Reserve?

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Will "Big Data" Make a Centrally Planned Economy Possible?

Global EconomyCalculation and KnowledgePrices

Blog02/01/2017
Statistical data about past purchases is not the same thing as market prices. And prices are what make a functioning economy possible.

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What Trump Means for Brexit, China, and the EU

Global EconomyTaxes and SpendingMoney and Banking

Blog01/29/2017
The threat of a US-UK trade pact is very bad news for the EU, but Trump's more mercantilist side spells trouble for the US and much of the world.

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Inequality Doesn't Create Poverty

Global EconomyWorld HistoryPolitical Theory

Blog01/18/2017
When egalitarians like Oxfam say some people are "worse off," they really mean those people are getting rich more slowly than some others.

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