Global Economy

Abenomics, Japanese Keynesianism on steroids, has made the rich richer, and all others poorer. 

It's hard to see how burning subway cars and torching businesses will reduce inequality in Chile. But the protestors there claim their violence is justified by the fact some people are richer than others.

Let the WTO and all its agreements go already! We cannot salvage something that was broken from the start. 

Politicians, who claim that a week in politics is the long term, fail to see any problem.

The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.

The particular crises to which Keynes reacted were themselves the products of misguided government policies.

Rafael Acevedo presents during the "Comparative Economics" session at the 2019 Libertarian Scholars Conference in New York City.