More in Global Economy


13 days

How Governments Expropriate Wealth with Inflation and Taxes

In an interview with The Wall Street Journal, Treasury Secretary Janet Yellen admitted that the chain of stimulus plans implemented by the U.S. administration helped create the problem of inflation.

17 days

The Pandemic Response: Policy Lessons

The actual economic recession connected with the COVID pandemic turned out to be extremely short, lasting only during March and April 2020.

18 days

Some Economics of Dominant Currencies

Oleg Itskhoki was just awarded the John Bates Clark medal, given each year by the American Economic Association “to that American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.”

19 days

Universal Schooling in Developing Countries

There are no examples of countries with generally low levels of educational achievement that are also high-income nations; conversely, there are many examples of countries where the level of educational achievement first increased substantially and then was followed by economic growth.

27 days

The Digital Currency Ecosystem and Blockchain

Here’s one intuitive way to think about how cryptocurrencies like Bitcoin work:

27 days

The Economics of Daylight Savings Time

Daylight saving time (DST) is the practice of advancing clocks during warmer months so that darkness falls at a later time. 

27 days

IMF Studies Prove Its Board Recommendations Are Wrong

The latest International Monetary Fund (IMF) global economic outlook has just been published and, like all of them, it has many interesting aspects.

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