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Global EconomyStrategyWar and Foreign Policy
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German policy making.
Bureaucracy and RegulationGlobal EconomySocialismStrategy
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
Free MarketsRationalismBusiness Cycles
Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.
Financial MarketsFree MarketsRationalism
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Protectionism and Free TradeU.S. Economy
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can't replace sound economics.
In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare.
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
Economic FreedomFree MarketsEntrepreneurship
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.