Commentary / World Jun 19, 2023
COVID-19 was a natural experiment for climate policy
When fossil-fuel demand declines only in some countries, supply does not fall because other parts of the world will absorb the unused fuel at lower prices.
Commentary / World Apr 17, 2023
Accounting for casino capitalism
Mark-to-market accounting standards turned the banking system into a playground for gamblers, fueling instability while adding little economic value.
Commentary / World Mar 13, 2023
Europe is knocking on debt’s door
By continuing to issue common bonds to finance its expenditures, the European Commission is harming savers and undermining the creditworthiness of national governments.
Commentary / World Aug 15, 2022
The end of the EU’s free lunch
The Keynesian demand policy to stimulate economic activity will merely fuel inflation, for which the ECB will rightly be blamed if it keeps buying government bonds.
Commentary / World Jun 8, 2022
How a global food crises will unfold
The disruption to this year’s harvest because of the Ukraine conflict means that the global food crisis will become even more acute in the fall and winter.
Commentary / World Apr 15, 2022
Germany’s energy woes are a fiasco of its own making
In both the short and the long term, Germany will be unable to end Russian gas imports without triggering economic chaos and public outrage.
Commentary / World Jan 28, 2022
Debating whether nuclear power is green energy or not
Having emerged from the anti-nuclear movement, today’s European Greens never dreamed that once-ostracized nuclear power would regain respectability as a clean alternative.
Commentary / World Dec 9, 2021
The end of free money
Rising inflation does not look to be a just a temporary problem, and supply bottlenecks are not the only cause.
Commentary / World Sep 29, 2021
A post-Merkel postmortem
While Angela Merkel pushed the SPD to the left, she vacated so much space on the right that the far-right AfD emerged to take important votes away from the CDU.
Commentary / World Jul 25, 2021
The problem with Europe’s green unilateralism
Rarely, except in wartime, have market economies been subjected to the sort of rigid central planning that the European Commission now proposes in order to curb carbon dioxide emissions.