It's a paradox: never before has a government in human history assumed unto itself the power to regulate the minutiae of daily life as much as this one. At the same time the United States is overall the wealthiest society in the history of the world.
While the legislation introduced in the US Congress remains fiction under a Republican executive and senate, the Brussels initiative will become law unless there is considerable opposition from EU member states.
Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.
A “free trade agreement” in practice isn’t simply an index card declaring, “Tariffs on Country X are 0 percent, three cheers for Bastiat!” These are managed trade agreements, with hundreds of pages devoted to detailed regulations that smack of top-down Soviet planning.
The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde.
Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.
Bob Murphy interviews researcher and Columbia economics professor Wojciech Kopczuk.
Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?
Japan's once-envied economy is now in shambles. The European economy, built on the same shaky tenets, is crumbling, too. Where to go from here?
