Global Economy

Central banks and their defenders would have us believe negative interest rates are necessary to stimulate demand. They're wrong.

Citing grave concerns that "this banknote could facilitate illicit activities," those desperate inflationists intrepid crime fighters at the ECB will cease production of the 500-euro note.

More central banks are moving key interest rates to where they've never been seen before.

A British exit from the EU would help decentralize Europe overall, and thus help the cause of freedom and free trade.

With another steel producer set to leave the UK, some are proposing that the UK government run the steel industry itself.

On Mises Weekends this week, Daniel McAdams joins Jeff in studio to talk foreign policy.

In spite of Ben Bernanke's assurances to the contrary, it is clear that China still sees gold as money.

Europe may turn to "helicopter money" as an easy solution. The problem of deciding who gets the money isn't quite so simple.

China's ruling class often reminds us of our own. Not that the editors at Time have enough self-awareness to notice.

Ships aren’t cheap to purchase. But when financing is abnormally cheap and expectations of future business are rosy, it stands to reason that shipping companies would put in a raft of orders.