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Economics12 May 20<12 May 20

Chinese Debt Could Cause Emerging Markets to Implode

By Benn Steil and Benjamin Della Rocca in Foreign Affairs (https://www.foreignaffairs.com/articles/east-asia/2020-04-27/chinese-debt-could-cause-emerging-markets-implode) The novel coronavirus has brought the world economy to a grinding halt. Global…

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Economics8 May 20<5 May 20

Supply, demand and prices

Here is a typical statement regarding supply and demand: “if the demand for any product increases, given the existing supply, the price of that product…

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Economics1 May 20<27 April 20

How Markets Price a Pandemic—and How They Lower Risk

In economic terms, war and pandemic are the same without even evoking imagery of the virus as an invisible enemy or of a long…

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Best Books on the Folly of Socialism
Book Reviews8 April 20<6 April 20

Best Books on the Folly of Socialism

  “Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won.” —Robert L. Heilbroner, “The…

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Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
Economics30 March 20<30 March 20

Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults

By Benn Steil and Benjamin Della Rocca Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on…

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The Fear Factor of Europe’s Public Debt
Economics27 March 20<23 March 20

The Fear Factor of Europe’s Public Debt

by Elisabeth Krecké Global debt has surged spectacularly in recent years and now stands at an all-time high of more than 322 percent of…

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Economics25 March 20<23 March 20

The Global Economy Won’t Bounce Back Soon

In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…

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Economics13 March 20<12 March 20

Stockman: Coronavirus the ‘Catalyst’ for Popping the ‘Mother of All Bond Bubbles’

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Ethics12 February 20<10 February 20

Guest Post: Growing up is the journey from fairness to freedom

We grow up in the family. We expect fairness from our parents. Fairness in the family means equality, tempered by some measure of “to…

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Economics23 January 20<23 January 20

Let’s (Not) Panic Again

by Simon Sarevski Since time immemorial if you asked an adolescent whether he expects to live a better life than his parents the definitive…

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