Global Economy

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.

In the Fed’s desperation to hold off the coming pain, will Yellen start listening to Ben Bernanke and embrace the absurdity of negative interest rates? We are already seeing the consequences of such policy play out in Switzerland, Germany, and Japan.

Nowhere are bigger gains being made in the battle of ideas than in Brazil.

While fewer people work in manufacturing jobs today, American workers make more stuff than ever before, thanks to huge strides in productivity. Meanwhile, many people working in the much-maligned service sector make more than those still in manufacturing.

In this interview, Claudio Grass talks to economist and Mises Institute Senior Fellow Thomas DiLorenzo. Dr. DiLorenzo covers central bank monetary policies, Keynesian economics, the economic “recovery,” political correctness, and more.

Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do "whatever it takes" to prop up the European economy with easy money. He wasn't joking.

In a remarkable TV interview, Otmar Issing, the former Chief Economist of the European Central Bank and a former member of its Board, dismisses negative interest rates as a solution to what ails Europe.

Some old economic myths never die, and presidential candidates are once again running on old fallacies about free trade. In truth, uninhibited trade helps to make everyone wealthier, whether it happens domestically among neighbors, or internationally.

The world's largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge.