China’s Currency Manipulation Harms China — Not Its Trading Partners
byAmericans are being told that China’s currency manipulations are causing harm to its trading partners, America being the main victim. Nothing could be further…
Tariff Wars and the Fallacy of the Balance of Trade
byThe world may be on the brink of a series of trade wars between the United States and both the European Union and China….
Why gold standard is not conducive of boom-bust cycles?
byAccording to some commentators on the gold standard, an increase in the supply of gold generates similar distortions that money out of “thin…
IFT and Cobden Centre Video Series: New Zealand Lamb
byWe are working with Dan Hannan MEP’s think tank IFT to explain free trade to a wider audience. One of the questions I frequently…
Irrational Beliefs Are Ruling Markets
byTo understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
Does economic growth cause inflation?
byMost experts are of the view that as the economy gains strength the Fed must step in at some stage and introduce a tighter…
Benn Steil: Trump said the trade deficit hands jobs and wealth to other countries — here’s why that’s wrong
by“The United States has an $800 Billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies,” tweeted President Trump in…
The Benefits of Issuing Gold Bonds
byA gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s…
Free Market Capitalism as the Antidote to the World’s Ills
byIn following the daily news events both in the United States and around the rest of the world, it is easy to get lost…
The growing pool of real savings permits the illusion that central bank can cause economic growth
byMany commentators are of the view that the US central bank should pursue policies that will prevent the possible decline of the economy…