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.
Although progressives and their allies might condemn capitalism, they rarely can define it.
On top of Congress passing the "Climate Relief Bill," environmentalists also demand that President Joe Biden declare a "climate emergency" in order to seize new powers ostensibly to combat dreaded climate change. However, climate alarmism is not based on reality.
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.
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.
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.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
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.
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
