JOIN OR RENEW TODAY
Booms and BustsLabor and WagesBusiness Cycles
Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”
The challenge from now on for OPEC and for oil producers is not to seek artificial price inflation, but to improve efficiency.
The EntrepreneurLabor and Wages
Countries with the highest levels of robotization have the lowest unemployment rates.
Financial MarketsGlobal Economy
The recent collapse of the Argentine Peso and other emerging currencies doesn't bode well for the global economy.
Global EconomyProtectionism and Free TradeInterventionism
Trump has exposed the hypocrisy of the "free trade" advocates in China and Europe. But by raising tariffs, Trump and other world leaders are inviting disaster.
Not unlike the United States, Nordic countries have mixed interventionist economies that nonetheless rely heavily on property rights and the private sector.
The bummer about the euroskeptics in Italy is that their primary interest is making Italy's bloated public sector ever bigger.
Bureaucracy and RegulationCronyism and CorporatismProtectionism and Free Trade
Some special interest groups don't want customers to even have the option of buying other products.