Excessive federal spending is creating grave economic and national-security risks. America’s fiscal recklessness must stop. The COVID-19 crisis has provided the latest impetus for government spending, even to the point of steering the American mindset toward socialism — a doctrine that has always harmed people’s well-being. As one of us demonstrated in […]
Those who heed current consensus forecasts of persistently low price growth could be in for a rude awakening. ZURICH — Current forecasts by many banks, central banks, and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to […]
Will Donald Trump’s presidency mark a major turning point in world history, or was it a minor historical accident? Trump’s electoral appeal may turn on domestic politics, but his effect on world politics could be transformational, particularly if he gains a second term. CAMBRIDGE — As the United States enters the home […]
The UK’s decision to ban Huawei from its 5G networks is only the latest diplomatic setback for China. So, as China’s leaders ponder how to respond, they should heed the first rule of holes: when you are in one, stop digging. CLAREMONT, CALIFORNIA — The United Kingdom’s decision to ban Huawei from […]
It is clear that there is never a good time for a pandemic, however, the COVID-19 crisis has come at a particularly bad time for the world economy. And the world has long drifted into a perfect storm of financial, political, socio-economic and environmental risks, which are now becoming even […]