Brexit

The United Kingdom and the European Union have drawn little benefit from the Brexit negotiations. It did not have to be this way. The leadership on both sides made critical mistakes that have put Europe in this pickle. As the process moves toward its next stage, the question is whether ...

Some say the global economy is slowing down due to Brexit and the U.S.-China trade dispute – but these developments are not the real dangers. Far more insidious is the trend toward increased government influence in economies and large public debts. Yet, even many economists have adopted the notion that ...

When French President Emmanuel Macron and German Chancellor Angela Merkel signed a new Franco-German treaty in Charlemagne’s old imperial capital of Aachen earlier this year, the outcome was underwhelming. The ambitious goals that were set also seem entirely unrealistic, given the countries’ increasing divergence on policy. That means fears of ...

Political interventions rather than markets are causing economic crises in the world. Misguided attempts to centrally plan and manage the complex transactions of millions of different players are bound to produce unexpected results. In 2007-2008, politically inspired intervention in the housing market in the United States caused an international financial ...