Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
Prime Minister Justin Trudeau's heavy-handed crackdown on the protesting truckers and their supporters has exposed a larger agenda of illiberalism by Western governments.
Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.
Some of the government authoritarians in Ottawa and DC may think they have the upper hand at the moment. As usual, government authoritarians are very shortsighted.
Sticking to Cold War–era assumptions is a recipe for a suboptimal foreign policy, which could increase the probability of the US stumbling into a disastrous war of choice.
Opponents of markets claim that worker wages have not kept up with worker productivity. This incorrect claim is based on two mistakes in estimating wages.
In 2020, Prime Minister Trudeau expressed alarm that the Trump administration might put down violent protests in US cities. In 2022, he decides a heavy-handed response to peaceful protests is justified.
