Booms and BustsBusiness Cycles
The world now has the impossible choice of permanently reduced productivity and slower economic growth — or the mass bankruptcy of a significant percentage of the economy.
There is a clear correlation between expansions in international trade and reductions in poverty. The Mexican experience appears to be no different.
Money and Banks
While many attempt to look to "de-regulation" or tax cuts to explain economic cycles, it makes more sense to zero-in on the role of central banks.
Financial MarketsHistory of the Austrian School of EconomicsMonetary Theory
PovertyTaxes and Spending
Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.
European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.