Cryptocurrencies promise to realize Friedrich Hayek’s dream of a free market in money. But human societies have discovered no better way to keep the value of money roughly constant than by relying on central banks to exercise control over its issue
detailsThere are several factors that have introduced uncertainty into the market, prompting upward pressure on oil prices.
detailsThe cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money
detailsThe view that AI-driven machines will outsmart humanity, take over the world, and kill us all
detailsSome may view the US dollar’s appreciation as consistent with a longer-term rebalancing of the global economy. But, as Argentina’s recent request for IMF financing starkly demonstrates
detailsIran looks ascendant in the Middle East, but its regime is messing up its own economy
detailsIn an era of rapid technological change, it is widely assumed that disruptions to labor markets are inevitable
detailsHow much harder would Brexit have been had the United Kingdom adopted the euro back in 2000?
detailsUS President Donald Trumps plan to boost infrastructure spending through tax credits has received a cool reception from investors
detailsa rising median household income in advanced economies anchored the growth of a middle class that often opted for the political center
detailsIt is possible that new technologies are not just doing less to boost productivity than past innovations. They may actually have negative side effects that undermine productivity growth
detailsThe recent corporate-tax cuts in the United States have intensified an ongoing global race to the bottom
detailsThe country is not getting all the money it is asking for, which is probably just as well.
detailsThe price is wrong, Egyptians are addicted to subsidies that make them poorer
detailsInflation has remained stubbornly low across the global North has come as a surprise to many economic observers
detailsProtesters chant death to the dictator
detailsThe cryptocurrency is almost certainly due for a major correction. But its long-term value remains a mystery
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