The 1619 Project is back in the news with the release of the six-part Hulu series built around its claim that “nearly everything that has made America exceptional grew out of slavery.” The 1619 Project, championed by Nikole Hannah-Jones of The New York Times, has been...
Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum, the International Monetary Fund,...
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the U.S. dollar,...
In November 2021 I wrote a piece entitled “Have We Finally Reached Peak Davos?” This article was scarily spot on. When you’ve written as much as I have over the past five years, however, it’s easy to look back and point at how prescient you were. Even if you’ve gotten...
The Cambridge economist Joan Robinson (1903-1983) wisely said, "The purpose of studying economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists." Excellent point, though I would both broaden...
The libertarian community is unique on account of its ability to ignore standard political and social conventions. Libertarians value freedom and understand why it needs free markets. However, libertarians do not possess a conservative loyalty to the system as it is...
Russia The US and its allies are holding a series of meetings this week in Europe where new pledges for military aid to Ukraine are expected to be made, and more countries might agree to arm Kyiv with tanks. AWC Chairman of the Joint Chiefs of Staff Gen. Mark Milley...
Treasury Secretary Janet Yellen met with China’s top economic official, Vice Premier Liu He, in Switzerland on Wednesday as Washington and Beijing continue to maintain high-level contacts.
Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that...
Benjamin Netanyahu’s return to power in Israel has ushered in a government more dominated by religious and ultra-nationalist extremists than any ruling coalition in the country’s 74-year history. While that fact has been well-reported, most Americans are oblivious to...
The prolonged charade of the United States is over in its disingenuous opposition to the reconstitution of the Appellate Body of the World Trade Organization. It is clear now that the Biden administration—like the Trump administration before it—has no desire to...
Venezuela Venezuela’s opposition on Friday voted to remove Juan Guaido as the “interim president” and to dissolve the US-backed “interim government,” a move that came after resuming talks with Venezuelan President Nicolas Maduro. AWC Venezuelan President Nicolas...
After the 2008 financial crisis, calls rang out across establishment publications and the executive offices of Wall Street that we were witnessing the death of globalization. The calls grew louder and more numerous after Brexit, the election of Donald Trump, the...
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
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