A World Without The Welfare State

Submitted Richard M. Ebeling via The Cobden Centre,
We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvanta…

China Builds $6 Million Bridge To Nowhere

As Beijing gets set to expand its global footprint via the launch of multinational institutions like the AIIB which are aimed squarely at disrupting the post-World War II economic order and shaking up a system that’s been underpinned by the notion of…

World Inflation Falls To A New 5-Year Low

From Gavekal Capital Blog
World Inflation Falls To A New 5-Year Low
It’s become a running theme, at least since last September, but the latest release of CPI numbers from around the world has brought our simple average World CPI proxy to its lowest…