World History
In an Age of Pandemics We Need More Freedom to Trade, Not Less
It is thanks to global trade that we now have access to many more resources for treatment and prevention of disease, including COVID-19.
Keynes Called Himself a Socialist. He Was Right.
John Maynard Keynes's supporters still insist that he was a mild and benign liberal. In truth, Keynes supported the blood-soaked Soviet regime and called himself a socialist.
Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard
Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead.
Japan’s Productivity Has Been Slashed By Government Meddling, Not Demographics
The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.