Economics

Joel Mokyr, Philippe Aghion, and Peter Howitt honored for research showing that political diversity and domestic innovation drive lasting prosperity.

Economics has always wrestled with the limits of what can be known. The recent disproof of a famous mathematical conjecture has made those limits even sharper.

President Donald Trump announced a renewed 90-day trade deal with Mexico following a call with President Claudia Sheinbaum, extending tough tariffs on fentanyl, automobiles, and key metals. The development comes as his administration separately pursues a financial crackdown on cartel-linked Mexican institutions.

Ending inflation and price increases is the “greatest hope” people have for the incoming Trump administration, according to the latest survey by the Harris Poll and HarrisX.

Vice President Kamala Harris has been leading the country alongside President Joe Biden for three and a half years, but while their party is attempting to sell a message of “joy,” the reality is quite different. Rent has gone up 22 percent since Biden and Harris took office in January 2021.

The communist regime governing Cuba announced over the weekend that it would impose a series of “war-time” economic measures in a desperate effort to “save socialism” from the consequences of over half a century of socialist policies.

Undecided voters from swing states on an MSNBC panel this week declared opposition to President Joe Biden because of his economic failures.

China’s manufacturing activity slowed again in November, casting a pall over what the state-run Global Times awkwardly dubbed “Xiconomics,” the economic agenda of dictator Xi Jinping. 

Argentine President-elect Javier Milei held a surprise lunch meeting with former U.S. President Bill Clinton on Monday during his brief visit to New York.

The Chinese Foreign Ministry applauded convicted felon Luiz Inácio Lula da Silva on Tuesday for becoming president of Brazil again and expressed hope that Beijing’s influence in South America’s largest economy would grow tremendously during his third term in power.

Swedish Finance Minister Elisabeth Svantesson has warned that Sweden may be facing a recession this winter that may last years.

The Pew Research Center on Wednesday released a poll showing that most American voters are not terribly concerned about Chinese dictator Xi Jinping effectively securing life in power with an unprecedented third term, but they do see Communist China as a problem from various angles, including its human rights abuses and the threat it poses to democratic Taiwan.

Wang Haidong, director of the Department of Aging and Health at China’s National Health Commission, on Tuesday announced demographic studies that showed China will become a “severely aging society” by 2035, with 30 percent of its vast population over 60 years old.

David Bahnsen, chief investment officer at The Bahnsen Group, spoke with Breitbart News about how the Marxist economic worldview that is prevalent across American financial institutions today “deteriorates freedom.”

Grade requirements are responsible for “disproportionately” pushing “students of color” out of STEM disciplines as well as finance and economics fields, according to a recent Salon piece that warned such policies contribute to “persistent racial wage gaps” long after graduation.

Researchers at Google’s DeepMind AI division reportedly ran a number of experiments where a deep neural network was ordered to distribute resources in a more equitable way that humans preferred. The researchers claim their data shows that AI would do a better job governing America than humans.

Matthew Peterson, the general partner of New Founding and the president of American Firebrand PAC, joined Breitbart News Sunday on Sirius XM with host Matthew Boyle to discuss how to fight back against woke corporations.

Washington Post columnist Michelle Singletary said Wednesday on MSNBC’s “Chris Jansing Reports” that many Americans were “not suffering” as much as they think from inflation.

Shanghai’s formerly robust economy slowed significantly in the first quarter of 2022, lagging almost two percent behind China’s overall growth and five percent behind its performance in 2021, thanks to severe coronavirus lockdowns imposed on the city.

China’s state-run propaganda newspaper Global Times on Wednesday blamed American sanctions on Russia due to the war in Ukraine for Sri Lanka’s increasingly dire economic disaster – a disaster greatly exacerbated by the country taking out predatory loans from China.

A loaf of bread is set to cost 20 per cent more in Britain as a result of the Russian invasion of Ukraine causing a global wheat shortage.

Inflation numbers in the Eurozone hit a record high of five per cent in a single month in December, topping the previous record set the month before as high energy prices are believed to be driving the trend.

‘You are getting poorer,” Steve Cortes said of inflation and supply chain breakdowns yielding a “Biden Blue Christmas” for Americans.

The World Bank has canceled its annual Doing Business report after an independent investigation found the bank “pressured” economists into modifying data in 2018 to boost China’s ranking, the Wall Street Journal reported Thursday.

Desmond Lachman, an economist and senior fellow with the American Enterprise Institute (AEI), told Breitbart News on Sunday that the U.S. is beginning to resemble a Latin American country given its inflation, government spending, and printing of money.

China celebrated its vast and growing economic power during the 100th birthday celebration for the Chinese Communist Party (CCP) on Thursday, with dictator Xi Jinping humblebragging that his party has achieved its first centenary goal of “building a moderately prosperous society in all respects.”

Pope Francis said Monday that poverty is not a natural condition of human beings but always a consequence of the selfishness of others.

The Bovespa Index, the Sao Paulo stock exchange, hit a record high for the third consecutive day on Tuesday on the news that Brazil’s GDP had increased by 1.2 percent in the first quarter of 2021 — a particularly stunning achievement given the severity of the Chinese coronavirus outbreak in the country.

The Rich States, Poor States report reveals states with low taxes, fewer regulations and worker freedom are the most prosperous.

Joe Biden’s “climate change” policies will end energy independence and lock away trillions worth of natural resources, said Stephen Moore.

Rep. Jason Smith told Breitbart News Friday that House Democrats, in private discussions with him, have said school shutdowns should end.

A top North Korean official used his platform at an ongoing plenary meeting on Thursday to condemn senior communist officials “seized with extreme passivism and self-protectionism” for pursuing less aggressive economic goals than those dictator Kim Jong-un proposed.

Russia’s population dropped by over half a million people between January 2020 and January 2021, the country’s Federal State Statistics Service (Rosstat) revealed on Thursday. The drop is the largest on record since 2005.

China’s state-run Global Times applauded Joe Biden on Tuesday for choosing Brian Deese, a BlackRock executive, to lead his National Economic Council because his work let him witness “the sweetness of doing business with China.”

Violence, looting, and disorder erupted in Chile on Sunday evening after an overwhelming majority of people voted in favor of destroying the country’s constitution, replacing it with a new document more favorable to the nation’s left wing.

Rep. Alexandria Ocasio-Cortez (D-NY) wrote on Twitter that Kevin Hasset’s use of the term “human capital stock” is derogatory and suggested that it is racist.