China is not on track to catch up with the wealthy West. The Chinese state's commitment to highly interventionist mercantilist policies is leading to debt, malinvestment, and stagnation.
Anthony Flood has written a defense of the compatibility of Austro-libertarianism with Roman Catholic thought, in response to a book by Christopher Ferrara critical of Austrian economics and libertarian ideas.
The diversion of real funding from the private sector toward government projects — no matter how important these projects appear to be — in fact, disrupts the process of real wealth generation.
Today's neoconservatives have found common cause with the Left in destroying those who disagree with them. In fact, this habit of denying a forum to any and all dissenters has a long tradition in the conservative movement.
Thanks to huge amounts of fiscal and monetary stimulus, China is in the midst of a very large housing bubble, with predictable results for housing affordability.
