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Tag: Economics

Presidential candidate Donald Trump speaks during the Republican Presidential Debate sponsored by Fox Business and the Wall Street Journal at the Milwaukee Theatre November 10, 2015 in Milwaukee, Wisconsin. The fourth Republican debate is held in two parts, one main debate for the top eight candidates, and another for four other candidates lower in the current polls. (Photo by )

Donald Trump Nukes Obamatrade

In Tuesday nights’s Republican debate, Donald Trump further distinguished himself from the other top-polling GOP presidential candidates by expressing his adamant opposition to the massive 5,554-page TransPacific Partnership (TPP) agreement.

Kyodo via AP Images

China Turns to Islamic Finance to Expand Silk Road

(Reuters) Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.

Attila Volgyi/NURPHOTO/AFP

Hungarian Prime Minister Warns Mass Migration Threatens European Survival

The tidal wave of migrants fleeing the bloody chaos of the post-Obama Middle East has been hitting Mediterranean nations particularly hard. But Hungary has seen a sizable number of migrants from Syria and Afghanistan as well, experiencing what the Wall Street Journal describes as a doubling of last year’s total migrant population in just the first six months of 2015.

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Hillary Clinton’s Big Speech Leaves Uber and Airbnb’s Future in Limbo

Hillary Clinton just laid out her economic agenda, and ambiguous statements about companies like Uber and Airbnb leave the entire sharing economy industry in limbo. Clinton said she “vows to crack down on employers who misclassify workers as independent contractors.” She also noted that the “so-called gig economy offers exciting opportunities but raises hard questions about workplace protections and what a good job will look like in the future.”

Statues of unemployed men standing in a unemployment line during the Great Depression at the Franklin Delano Roosevelt(FDR) Memorial September 20, 2012 in Washington, DC. During the first four years of FDR's term, nearly one-third of the American people were unemployed. AFP PHOTO / Karen BLEIER (Photo credit should read

James Grant Sets Stick of Dynamite to Bush/Obamanomics

It was a very deep depression, as deep as the one that succeeded in 1929. But in this case, the government did not intervene, and it was over in less than two years. Was this a coincidence? Grant does not think it was. He believes, as this writer does, that present government interventions have deepened our current economic malaise and are retarding a full recovery.

Carsten Rehder/picture-alliance/dpa/AP Images

Humans Misbehave, Economists Misunderstand, Governments Overreact

Since humans don’t behave the way models say we should, those economic models make a lot of bad predictions. “Virtually no economists saw the financial crisis of 2007-08 coming,” he admits (although another behavioral economist, Robert Shiller, did warn about soaring housing prices). “Worse, many thought that both the crash and its aftermath were things that simply could not happen.” The answer is to empower people through free markets.