A recent report commissioned by the prime minister of Iceland calls for limits on the money supply through ending fractional reserve banking and deposit insurance. Unfortunately, the report also calls for nearly unlimited control of the money supply by the central bank.
Paul Krugman is desperate to believe that the French economy is doing quite well. That would prove that Krugman's anti-austerity crusade must be on the right track. Unfortunately for Krugman, and for France, things aren't going so well.
Saudi Arabia is in the midst of a huge spending binge, and among the new projects is what is to be the world's tallest skyscraper. Is this a warning sign of a new financial crisis?
In recent decades, the tech sector has brought us newer and better goods and ever-dropping prices. In an unhampered market, the same would happen across the entire economy. But, the Fed won't allow this to happen.
Brazil’s government has long been devoted to the idea that more government spending will create more economic prosperity.
Greece's government said that the country would have to choose whether to pay back 450 million euros to the International Monetary Fund on April 9th or pay salaries and pensions.
Patrick Barron writes:
Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.
There’s more to the global adventures of the greenback than meets The Economist’s eye.
The opponents of technological innovation in free markets have been with us for a long time. A century ago, Gustave de Molinari was defending the automobile from the technology haters of his day. Little has changed since then.
