Hurting the Poor by Standing in the Way of Technological Progress
by Mary Lucia Darst In the February 2018 issue, Forbes Magazine published their annual Fintech 50, a list of the top fifty companies most expected to…
Benn Steil: Trump said the trade deficit hands jobs and wealth to other countries — here’s why that’s wrong
“The United States has an $800 Billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies,” tweeted President Trump in…
CFR: Trump’s Tariffs Are Hurting U.S. Competitiveness
by Benn Steil and Benjamin Della Rocca President Trump says that America running a trade deficit means that “jobs and wealth are being given to other countries.”…
China is in Trouble
By Ronald-Peter Stöferle Mark J. Valek Before we discuss the economic situation of China, a few words about China’s strongman, Xi Jinping. The “new…
A Forerunner of the Austrian School in Nineteenth-Century Spain
by David Chávez Salazar In 1952, the British economist Marjorie Grice-Hutchinson discovered that the Spanish scholastics of the seventeenth century, gathered around the School…
The Role of Shadow Banking in the Business Cycle
By Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Consumer Demand Does Not Lead to Jobs and Output
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Potato Chips vs. Microchips: A False Dichotomy
by Mary Lucia Darst It doesn’t make any difference whether a country makes computer chips or potato chips!” ~ attributed to Michael J. Boskin ~…
The Welfare State Has Failed
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Zero Hedge — Citi: “There Is A Massive Problem” With The Bond Market
Is the global economic recovery over? That is the question investors are grappling with just as Q1 earnings season – the best since 2011 with its…