Global Economy
South Korea’s Keynesian Experiment Goes Global
Korea's economy has taken off since the 1997 financial crisis, and so has Korea's cultural and economic prominence on the world stage. But is Korea repeating the mistakes of Japan and other centrally-planned boom economies?
Diminishing Economic Growth: Is the Fed to Blame?
In this interview, Mark Thornton talks to host Scott Horton about how we are much better off without the fed,
Bad Idea: Devaluing Currency to Help Exporters
When a central bank devalues a currency, it is often said that the devaluation will help exporters, and thus the whole country, as a result. But this simplistic analysis ignores the many downsides of inflating the currency.
The Swiss Franc and The Tragedy of the Euro
Economist Philipp Bagus talks with us from Europe about the Swiss franc, the euro, and what the future holds for the debt-laden governments of the Eurozone.
Is Russia Planning a Gold-Based Currency?
Backed into a corner and facing grim economic prospects, the Russian government may conclude that its best bet is to adopt some type of gold standard. The resulting panic in the West would be interesting to watch.
The ECB Fears Deflation, But You Should Not
The European Central Bank plans to ramp up its own version of quantitative easing because it fears deflation. But deflation really means an increase in real wealth and an end to many malinvestments.