Global Economy
The Macron Paradox: Internal Liberalization, External Statism
The bottom line is that Macron should drop his statist European-wide proposals and put all of his focus on fixing France.
The Best Way to Compete with China Is to Free the Economy
There is no danger of China truly freeing its economy and thus really rivaling America's more market-based system.
Why We Now Measure Gold in Dollars — and Not the Other Way Around
A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.
Venezuela’s New Cryptocurrency Is not Really “Backed by Oil”
If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.
Trump’s Protectionist Follies Threaten a Trade War
What America is facing are the illogical trade policies of an economically illiterate president in the White House.
Trade and the Rise of Freedom
International exchange and economic freedom are mutually reinforcing, while protectionism is a form of political control.
Measuring the Global ECONOMIC Temperature
Here are two ways to gauge the strength of the world economy.