The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Jacob Soll believes that a truly successful economy must embody at least some of the economic regulation developed by Jean-Baptiste Colbert, the French finance minister under Louis XIV.
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.
Most government intervention into currency exchange rates create more problems than they solve. Japan's lost decades are a prime example of what can happen.
The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.
While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it.
The rise of democracy blurred the lines between the regime and the people it exploits. This was less of a problem under monarchs, whose interests were clearly separate from the public's.
There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
