Global Economy

Once upon a time, the Chinese were the enemies of private property rights and free markets, and the Americans were the enemies of the Chinese and purported to cherish the institutions that the Chinese hated. Today no such clear-cut difference exists. If anything, today’s Chinese in high places seem to be more inclined to say kind words about private property rights and the free market than are comparably placed Americans.

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?

In this interview, Mark Thornton talks to host Scott Horton about how we are much better off without the fed,

Interviewed by host John O’Donnell, Mark Thornton discusses

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.

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.

Interviewed by host Dawn J.

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 attempts to scare Greece straight?

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.