Free Markets Made Charlie Brown and Snoopy Possible
So many of our criticisms of Marxist practice revolve around its devastatingly bad outcomes for standards of living. There’s good reason for this. In the early 1960s, somewhere between 15 and 50 million people (we cannot know exactly how many because communist states do not permit free and open inquiry of government records) starved to […]
Euro zone prices dip to 8.5% as ECB flags rate hiking not over.
All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next. Bloomberg | Bloomberg | Getty Images New data out of the euro zone on Thursday suggested that inflation is taking a while to come down significantly, raising prospects of further rate hikes in […]
Ajay Banga may be just what the fractious World Bank requires
On February 23rd, a week after David Malpass announced his resignation as president of the World Bank, and mere hours after the bank said the search for a successor would be months-long, “open, merit-based and transparent”, everyone knew who would win. Ajay Banga, a former boss of Mastercard, was nominated by the White House, making […]
The case against Google hinges on an antitrust “mistake”
IN 1912 America’s Supreme Court ruled that a coalition of 14 railroad proprietors had used their joint ownership of a bridge across the Mississippi river, near the St Louis terminal, to unlawfully stifle competition. The crossing gave the railroad trust a chokehold over traffic to and from the city’s main terminal. St Louis was an […]
Denmark cancels public holiday to finance higher military spending
Denmark scraps public holidays in order to fund higher military defense spending when behind closed doors, the EU is anticipating sending in troops to fight Russia in Ukraine. The Parliament in Denmark passed a corresponding bill to abolish the “Great Day of Prayer” as a holiday in the future. After all, it was just […]
America’s property market suggests recession is on the way
Springtime in America, which is just around the corner, brings many fine traditions. The crack of the bat on baseball diamonds. Children rolling Easter eggs on the White House lawn. Families putting out dusty, old furniture in yard sales. There is, though, one ritual that towers above all others in its sheer financial importance: spring […]
