Global Economy

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Can Ecuador Learn Something from Peru?

Global EconomyWorld HistoryPolitical Theory

Although he did so to a lesser degree than some others, President Rafael Correa in Ecuador embraced "21st-Century socialism." How has Ecuador fared?

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Donald Trump's Whig Is Showing

Global EconomyTaxes and SpendingPolitical Theory

Donald Trump has revived the old philosophy of the American Whigs — a political faction in favor of trade barriers and lots of government spending.

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The G-20 Was Never Serious About Free Trade

Free MarketsGlobal EconomyU.S. Economy

Trump's anti-trade rhetoric is concerning, but he is not challenging a golden era of free trade.

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America Is Hardly a Bastion of Free Trade

Free MarketsGlobal EconomyInterventionism

Contrary to the popular myth, the US often imposes many crippling regulations in its international trade practices. We need more trade, not less.

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By Itself, a Chinese Sell-Off in US Debt Won't Imperil the Dollar

Global EconomyMoney and BanksMoney and Banking

The Federal Reserve has a lot more to do with the strength of the dollar than the Chinese state.

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7 Steps Toward a More Sensible Foreign Policy

Free MarketsGlobal Economy

A policy of non-intervention and free trade can move us a long way toward a more peaceful international order.

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Why Emmanuel Macron's Surge Is Unlikely to Change Anything

Global EconomyTaxes and SpendingPolitical Theory

Emmanuel Macron is telling everyone what they want to hear. But what France needs isn't popular at all: a big dose of free markets.

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With Its Leftist President Gone, Can Brazil Set the Economy Free?

Global EconomyPolitical Theory

Some pro-freedom reforms are making gains in Brazil. But we still have a long way to go.

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Which is Worse — A Trade Surplus or a Trade Deficit?

Financial MarketsGlobal EconomyMoney and BanksPolitical Theory

Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.

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