Global Economy

We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.

Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.

The rot that Hugo Chávez spread throughout Venezuela had been put into place decades earlier by the creation of a seemingly benign welfare state.

Emerging-market currencies often suffer a as a result of their government's own profligacy. But the US is also actively trying to destabilize some currencies, and setting up a conflict that the US could ultimately lose.

No matter if its Asia, Europe, Africa, or the Americas, the link between economic liberty and economic growth is undeniable. 

Jeff Deist and Saifedean Ammous discuss the crypto technology revolution and private money.

“Between 1950 and 2000, the Swedish population grew from seven to almost nine million. But astonishingly the net job creation in the private sector was close to zero.”

Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science. 

The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.