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Global EconomyProtectionism and Free Trade
Neither the United States nor the European Union are so free of protectionist “sin” to cast retaliatory tariff stones at the other.
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.
Global EconomyInterventionismMoney and Banking
Has China blown the biggest credit bubble in history?
Global EconomyTaxes and SpendingU.S. Economy
When we look at median incomes, we find that many European countries don't compare very well to many US states.
Global EconomyWorld History
It takes a lot of verbal acrobatics to conclude that Venezuela's woes are not due to it's extensive implementation of the socialist program.
In the post-recession world, the ECB has fired multiple rounds in its arsenal of Keynesian weapons. But now it's out of ammo.
Global EconomyProtectionism and Free TradeWar and Foreign Policy
The Chinese government has to present unbreakable strength, but they are more vulnerable to a trade war than they admit.
The realities of modern Venezuela, combined with the global ambitions of China, could make a deal between the two countries a logical outcome.
China is growing despite government meddling in the economy, not because of it.
Global EconomyTaxes and Spending
One of the reasons governments can run up huge deficits so easily is that the politicians — unlike entrepreneurs — can't be held accountable for their bad debts.