Many still maintain that the developing world is being exploited by free markets, and that the humane solution is more foreign aid. In fact, free markets are nowhere to be found in the developing world, and we find much poverty as a result.
The European Central Bank is continuing with its negative interest rate policy, but it's not having the desired effect. Instead, the central bank is just filling the void by buying up government debt with newly created money.
Economic populists have become skilled at causing economic calamities while escaping the blame. Instead, it’s the non-populists that end up picking up the pieces while getting the blame for the unemployment and wealth destruction that follows in the wake of populist economic policies.
Many economists have many theories about why economic growth in many advanced economies is stagnating. Some seem to think it’s irreversible, but a good look at creeping government regulation might offer a few hints as to the true cause.
David Cameron’s razor-thin win in the UK elections means he’s had to promise a new referendum on EU membership. If the UK were to leave the EU, it may trigger Scottish secession and a major shift in the EU balance of power.
Economists long ago disproved the idea that if the rich get a bigger slice of pie, everyone else’s slice must be getting smaller. In fact, the data continues to show that inequality and growth are not at odds.
In recent decades, the tech sector has brought us newer and better goods and ever-dropping prices.
Celebrate Star Wars Day: Here Are My Review/Previews of the Prequels. It's All About the Battle of Ideas!
In this interview, Jing Jin, Associate Dean at the China Economics and Management Academy in Beijing, discusses how Mises and Rothbard have affected her academic work, and how Austrian economics is gaining traction in China today.
Even if the global warming lobby is eventually able to prove their case for the existence of global warming, that would still do nothing to prove the necessity of their plan for global economic controls, and thus, the impoverishment of billions.
