Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.
READ MOREAmerican businesses plainly see in China what the chattering classes don’t.
READ MOREGlobal per capita income has increased from a little less than $4,000 a year in 1966 to almost $17,500, in inflation-adjusted dollars at the present time. That represents a 372 percent increase in the average income of everyone on this planet in only 50 years.
READ MOREAid from the IMF and other organizations might even make matters worse by shielding policy makers from the consequences of their policies.
READ MOREIt’s not the job of businesses and businessmen to help achieve political or policy aims. Instead, it’s the job of businesses and businessmen and women to make profits.
READ MOREDebating trade issues with President Trump’s anti-trade supporters is a constant game of goal shifting. If you point out that the Trump tariffs are raising revenue for Uncle Sam on the backs of American consumers, they reply that Ch …
READ MORENigeria is one of Africa’s most influential nations. But other African countries should think twice before emulating its costly cash policy.
READ MOREOpposition to immigration takes many forms. Most of these forms are easily tackled empirically and are found to be wanting.
READ MOREEconomists frequently extol the virtues of currency devaluation as having some kind of positive economic impact, but they’ve plainly never talked to people in Argentina.
READ MOREWhen the U.S. devalues the dollar, the tight relationship between the world’s currencies and the dollar means that a devaluation stateside is generally a global event.
READ MOREYou can learn a tremendous amount of theory and history from these two masters of the craft– and also discover how to have a great time while trying to alert the world to what is the single most important choice we face in the entire world today: freedom or government control.
READ MOREThere should be as much contact and trade as possible between people and no more formal contact between governments than necessary.
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