Global Economy

One thing the Chinese regime has not managed to do is erase the Chinese fondness for saving money. But in America, where over one-third of the population is on public assistance, it spends as much as possible.

The supply side matters. Fernández-Villaverde and Ohanian point out, “In short, incentives to hire, invest and start new businesses need to be a priority, lest the sclerotic U.S. economic growth of the past six years returns and, as in Europe, becomes a permanent condition.”

In January 2014, 33 Russian rubles exchanged for 1 dollar. In December 2014, the amount has more than doubled, reaching 77.2 rubles per dollar. At the bottom of it lie the actions of the Bank of Russia. 

Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?

Interviewed by Marina Dzhashi on the Agree or Disagree radio program, Mark Thornton of the Mises Institute and Vladimir Rojankovsky, head of resear

The Central Bank of Canada Warns of Housing Bubble

The US dollar’s days as a global reserve currency are numbered, but there is no high-quality replacement available. If there were an ideal reserve currency for the world, this is what it would look like.

MarketWatch declares today: "It's official: America is now No. 2".

Or Are They Bad For The Economy?

North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using