Global Economy

When I first received Milton Friedman’s letter in response to my article “Hayek’s Road to Serfdom” I did not realize it would lead to more.

In this article, J.H. Huebert reviews Richard A. Posner’s Catastrophe: Risk and Response.

Volume 20, Number 4 (2006)

On July 14, Mark Thornton’s Mises Daily

Despite claims to the contrary, Japan’s economy is continuing to suffer mightily under the leadership of Prime Minister Abe Shinzo. Abe’s so-called “three arrows” of monetary stimulus, fiscal stimulus, and structural reform, have crippled the Japanese economy with higher taxes, inflation, and easy money.

Germany has now decided that its gold is safe in the hands of the Federal Reserve after all.

ECB’s Mario Draghi has taken over from Ben Bernanke as the world’s most enthusiastic money printer, writes Brendan Brown.

ECB’s Mario Draghi has taken over from Ben Bernanke as the world’s most enthusiastic money printer.

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button, writes Frank Hollenbeck.

It is a fact that severe poverty has disappeared in the most industrialized countries. The wealth of the first-world welfare states was made possible by those countries’ turn toward free markets in the past. Likewise, the turn toward more free markets in the developing world has reduced poverty there.

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button.