Massive debt and state intervention are a recipe for disaster

Massive debt and state intervention are a recipe for disaster

Politicians and central bankers tend to blame the coronavirus for the current economic crisis. Nothing could be further from the truth. Apart from the fact that most of the recent economic pain is the direct result of governments overreacting, the global economy was...
Will authorities succeed in suppressing free markets?

Will authorities succeed in suppressing free markets?

When the coronavirus struck at the beginning of the year, markets tanked. But when the US Federal Reserve (Fed) cut rates to zero and launched a massive quantitative easing program in mid-March, markets reversed. With central banks and governments adding new stimulus...