Reuter’s Reports that Greece Says it Will Run Out of Money on April 9
Greece's government said that the country would have to choose whether to pay back 450 million euros to the International Monetary Fund on April 9th or pay salaries and pensions.
Global Economy
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Bubble Unto Others
There’s more to the global adventures of the greenback than meets The Economist’s eye.
Brazil: Victim of Vulgar Keynesianism
Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in.
Progressive Luddites and Gustave de Molinari’s Final Words
The opponents of technological innovation in free markets have been with us for a long time. A century ago, Gustave de Molinari was defending the automobile from the technology haters of his day. Little has changed since then.
Middle Eastern Barriers to an Agile Marketplace
The Middle East once enjoyed unprecedented economic prosperity, but thanks to centuries of bureaucratic centralization and institutional barriers to free-market growth, the modern Middle East has long since fallen behind the West.
A Necessary Correction in the Oil Industry
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
The ECB Is Saving the Dollar
There are many risks to the dollar out there, but a more valuable euro isn't one of them.
Iceland Drops Bid to Join EU
The BBC reports the government of Iceland has announced it is no longer seeking EU membership for the North Atlantic state.
How Italy’s Government Enables the Mafia
For decades, the Italian state has facilitated the Mafia's grip on industry in Italy. The result has been a disastrous lack of foreign investment and other ills. It now seems that only the elimination of the central state could bring about serious reform.
Why It Matters If the Dollar Is the Reserve Currency
Reserve currencies serve an important economic purpose. If the dollar loses its status as a reserve currency, the resulting adjustments will be painful for many. So, the global economy would benefit from a new US monetary policy devoted to a sound dollar.
