Why Should Governments Have a Monopoly on Money?

by Richard Rahn June 24, 2017 If mankind can figure out how to give everyone instant communication and all the world’s knowledge via the smartphone, why are we not smart enough to figure out equally convenient, quick, low-cost and secure ways of paying for goods and...

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US Oil Production Makes Waves

by George Friedman and Jacob L. Shapiro June 22, 2017 There’s no end in sight to slumping oil prices—good news for consumers but a dire development for major oil producers like Venezuela, Saudi Arabia and Russia. And now, rising US oil production and exports are...

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Calling China’s Bluff on North Korea

by Xander Snyder June 22, 2017 The U.S. is pushing China deeper into a corner over the crisis on the Korean Peninsula. It wants the Chinese to persuade the North Koreans to give up their nuclear weapons and ballistic missile programs. The popular perception is that...

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We Could Have Had Cell Phones 40 Years Earlier

Everyone older than Millennials remembers expensive long distance, wired landlines, phone company monopolies, bad service, phone boothes, even (ack!) party lines. It was better than smoke signals, but it was vastly inferior to what we take for granted today. The...

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Five Graphs That Will Change Your Mind About Poverty

by Chelsea Follett June 20, 2017 Angus Deaton, the Nobel-prize winning economist (who also sits on the advisory board of HumanProgress.org), recently reiterated his belief that on the whole the world is getting better – even if not, as he accepted, everywhere or for...

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