Global Economy

Some have suggested France might be the next European state to leave the EU. This is unlikely for several reasons.

The euro is already in deep trouble, and the less enthusiastic globalism likely to be offered by Trump will be another blow to the European project.

As always in an election year, the public clamors for more jobs. But really, they are clamoring for more, newer, and better stuff.

Iceland's populist left-anarchist/libertarian/hacker Pirate party just shook up the corrupt political establishment in Iceland.

As public faith in elections falls, and politicians foist an ever greater burden on us, a true populist opposition movement may be growing.

The OECD has updated it's income measures, and we find that many European welfare states still rank among the lowest-income US states.

The decline in industrial production is in many ways the product of government interventionism.

China has many problems, but it also has a high savings rate, a limited welfare state, and a rising middle class.

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.

As in much of the globe, central bankers in Britain are quickly replacing elected politicians as the most visible and powerful public officials.