The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex of central planners: an overwhelming combination of ignorance and arrogance.
The coronavirus impact adds to an already weak and bloated global economy that was showing poor growth, high debt, and an evidently disappointing earnings season before any epidemic was included in estimates.
There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.
Trump clearly views trade in a zero-sum, mercantilist manner, with the country possessing a deficit “losing” and “down.” But continuing the trade war only makes recession more likely for both sides. Luckily China is stalling on committing to a trade agreement.
Allowing the market to operate with minimal government intervention has helped Chile become one of the freest and wealthiest countries in South America, especially when compared to its direct neighbors.
Antisecessionists insist that radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.
Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.
The Edge of Democracy, a new Oscar-nominated documentary about Brazil, gets even basic facts wrong in pushing the idea that Brazil's corrupt and socialist politicians were the saviors of Brazilian democracy.
As H. L. Mencken wrote, “For every complex problem there is an answer that is clear, simple, and wrong.” The EU's Green Deal is the latest example.
Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.
