Global Economy

America must reject the false dilemma of managed trade versus regulated trade — and choose free trade.

Markets, wealth accumulation, and capitalist innovation offer the best tools for dealing with whatever climate changes the world may be facing.

China's new "Silk Road" for international trade is an important component in the regime's larger geopolitical strategy. 

There is a very stark contrast between market-friendly Botswana, South Africa, and the statist hellhole of Zimbabwe.

Kevin Dowd presents the 2018 Ludwig von Mises Memorial Lecture.

The bottom line is that Macron should drop his statist European-wide proposals and put all of his focus on fixing France.

There is no danger of China truly freeing its economy and thus really rivaling America's more market-based system. 

A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.

If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity. 

What America is facing are the illogical trade policies of an economically illiterate president in the White House.