Global Economy

As the old saying goes, the more expensive you are to fire, the more expensive you are to hire. Nowhere is this more apparent than on the European continent.

Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.

Deleveraging is necessary to clean up the system and lay the foundations for solid economic expansion.

A lone voice of economic sanity in the United States after World War II was Henry Hazlitt, who had moved in 1946 from the New York Times editorial page to Newsweek magazine, where he wrote until the late 1960s. He wrote a column every week on...

An increase in the quantity of money doesn't bring any general improvement of conditions.

The Treasury needed someone who could clothe the bareness of financial heresy with a plausible nontransparent drapery. Mr. Keynes was taken into the British Treasury as its principal adviser, seated on the board of the Bank of England, and elevated to the peerage as Baron Keynes of Tilton.

Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.

The government has tried to further manipulate the economy to compensate for the adverse effects of its printing of money.

The Chinese economic miracle is nothing but a redder version of Keynesianism.

Every day, before waking, I use a number of items my hands could not create in a thousand lifetimes.