Booms and BustsFinancial MarketsGlobal Economy
The European central bank has no ammunition left with which to address any serious economic downturn.
Big GovernmentFinancial MarketsGlobal Economy
Since 2008, China has amassed a mountain of debt, and continues to operate countless "zombie" companies and money-losing factories.
"Those in government see solutions to problems they are certain will work. Yet …when their solutions are adopted and enforced the problems either get worse or create other problems worse than the ones for which the solution was designed."
Laurence Vance has written a valuable collection of essays on libertarianism
Today would have been the 93rd birthday of Murray Rothbard, a creative genius and champion of liberty.
Financial MarketsGlobal EconomyTaxes and Spending
Germany’s role as the locomotive and economic leader of the entire bloc has been crucial for the last decade.
Programs like Medicare are a great deal for early participants, but they create huge liabilities for taxpayers later down the line.
Big GovernmentPhilosophy and Methodology
All too often, many want governments to do things to others we wouldn't want to have done to us.