The battle for Europe’s economic soul

Over the past two weeks, a flurry of proposals to reshape Europe’s economic model has emerged from the Berlaymont, a cruciform building in Brussels, which is home to the European Commission. The commission usually fiercely guards the eu’s rules. But things are now in flux. The proposals contain ideas for how governments can help companies […]

OECD says global economic outlook ‘slightly better’ for 2023

People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California.  Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook for the world is slightly brighter at the beginning of […]

Recessions and Economic Freedom | AIER

Talks of imminent recessions are plentiful as people consider how central banks around the world are dealing with high inflation. Regardless of whether things end in a soft or hard landing, it is worth bearing in mind that recessions are shorter, shallower, and much farther apart now than in the past. We know this thanks […]

Economic Freedom: Breaking the Culture of Welfare Dependency

Chief Jerry Asp says any community can change its destiny in a message that reverberates around the world For generations the Tahltan Nation of northern British Columbia (with a territory comprising 11% of the province’s landmass) endured the poverty and exclusion known to many First Nations in Canada. Inspired by the memory of a previously […]

Taxes, Tax Cuts, and Economic Growth

As economists will tell you, the world runs on incentives. Human beings act rationally by making choices that have the greatest perceived value given all available outcomes. The history of tax law in America exemplifies this point. In the book Taxes Have Consequences: An Income Tax History of the United States, the well-known economist Arthur […]

China’s ultra-fast economic recovery | The Economist

During China’s lunar-new-year holiday, which ran from January 21st to 27th, tourists flocked to the sprawling Taihao mausoleum in Henan province. Many enjoyed slapping a statue of Qin Hui, a scheming official in the Song dynasty who is notorious for having framed a military hero. One visitor got carried away, striking the statue with the […]

Euro regains ground against dollar as global economic outlook improves

The euro has bounced back since falling below parity with the US dollar last September, aided by cooling energy prices, receding fears of a deep recession later this year and an increasingly hawkish European Central Bank. Up about 13 per cent over the past three and a half months, the euro’s rise to its current […]

Beijing’s top economic adviser tells Davos CEOs ‘China is back’

China’s vice-premier Liu He privately met a group of top corporate executives in Davos to tell them that the world’s second-largest economy is back, in an effort to rekindle economic ties damaged by the pandemic and tensions with the US. Executives at the lunch said Liu’s message had fuelled renewed optimism about the prospects for […]