While the US's central bank strikes a "cautiously optimistic" stance (as usual), central banks in developing countries are driven to easy money by economic uncertainty and a weakening dollar.
No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.
Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.
It doesn't look like French populism is going away, and this may be an opportunity to finally chip away at the country's paralyzing bureaucracy.
The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.
Traditional macroeconomic measures may not tell us very much about where the current malinvestment bubbles are — or what their effects will be.
In a relatively unhampered market, a declining population is not necessarily an economic problem. But in a system where retirees can loot younger workers through government pension systems, there is a real problem, indeed.
When a capitalist invests in a business — thus increasing worker productivity and earnings — he's performing a humanitarian service to the community.
Wealthy Hollywood types, being relentless and cynical social climbers, figured out years ago that college is mostly about social status and certification.
Perhaps the best proof of the current divorce between theory and reality in international economics is the economists who declare themselves in favor of free trade while also opposing the removal of all tariffs and customs.
