A fiscal crisis would force U.S. Congress into unchartered territory. Never in modern history has this legislative body been forced to be austere with its resources. Tax cuts do not work anymore, and you cannot cut taxes when your creditors are running away from your debt. There are only two options: spending cuts, or tax hikes.

Speculating on the transition into a future of so-called renewable sources, the European Central Bank warns of three “interrelated shocks” with rising energy prices.

Russia bears the full moral and economic burden for the war, but it is also clear that America’s neoconservative doctrine is one of the losers in that conflict. It is time for the foreign-policy elite in Washington to accept that neoconservatism served America well during the Cold War, but should now be gracefully retired.

German and U.S. governments capitulate to oppressive regimes in their search for Russian energy and oil alternatives.

Are rights provided to us by government, or is government simply a protector of rights that we have by virtue of being humans?

A clear majority, 65-77% among center-right voters, want Finland to join NATO, while only 39% of voters for the radical Vänsterförbundet are in favor.

Now that the Greek Parliament is eager to beef up the nation’s defense, it faces a serious problem: the economy is so weak it can barely keep its population at a standard of living from 20 years ago.

There has long been an agreement among Swedish economists that government should exercise prudence in terms of fiscal policy. This agreement may be evaporating.

At $1.0943 per euro on March 14th, the dollar stood at its strongest against the European currency since April 2019.

Consider what Europe will look like if Russia wins, or loses, the war in Ukraine. Obtaining reliable information, in this case, is nearly impossible. To navigate these uncertain times, the best guidance may be found in the old-school academic discipline of political economy.

Interest rates in the euro zone remained low through January, the European Central Bank reported on March 3rd. Loans by commercial banks to non-financial corporations averaged an annualized rate of 1.43%, the same as in October last year and only marginally up from November (1.39%) and December (1.36%). The average interest rate on loans to […]

There is not much good news in the unfolding tragedy that is Russia's invasion of Ukraine, but the resolve and