Figure 3: Since the 1960s, growth in the world’s retired population has increased by 17 percent

The population bust: Demographic change and the coming fiscal crisis

Japan’s Prime Minister Shinzo Abe opted to raise the sales tax in order to shore up government finances in addition to taking steps to...

The Federal Reserve is between a rock and a hard place

As the financial crisis started to become apparent to the policy makers on the Federal Open Market Committee (FOMC) at the Federal Reserve System...

Containing China

The Chinese character for China depicts a place between heaven and earth, at the center of the universe, and, for 5,000 years, China has...
Clothes pegs holding up three scraps of paper with GOOD, BETTER, and BEST written on them.

And the solution is: adopt global best practices

What is the optimum size of government as a percentage of GDP? And what is the optimum number of elected representatives per million people?...

Leveraging up the global economy

The signs of the new leverage or debt crisis is here, and the window for any preventative action by regulatory and supervisory authorities is...
Calculator, glasses, papers, hand holding pen above paper headed 'Petition to file for Bankruptcy'

Preventing corporate borrowers from filing for bankruptcy: Location, location, location

Given the potential of an insolvency filing to shift power away from creditors and to distressed debtors, debt investors have long sought ways to...
Graphic showing scissors cutting the 'T' in TAX in half

Massive deficits and tax cuts: Good for US growth or harmful in the long-run?

The election of Donald Trump in November 2016 was not just a public referendum on American social values, but on fiscal policy as well....
Graphic made up of photos of European landmarks on the left merging into a photo of Greece on the right.

Turning Europe into Greece

Sixteen years after faking its fiscal numbers and nine years after the onset of its sovereign insolvency, Greece has finally managed to officially “exit”...
Figure 3 showing Annual growth rates for the high-income, non-African developing, and African countries, 1965-2015 (15 year moving average)

Economic freedom, development and the changing world economy

Economic development and growth are driven by gains from trade, innovation and private investment. Economic freedom is central to each of these sources of...
Factory line robots welding.

Robots will not put us out of work; they’ll cause us to fall in...

The New York Times recently interviewed the man viewed as the best baguette maker in Paris, and by extension, the world. Asked about his...
Spanish Flags

Spain’s fiscal outlook

Spain’s fiscal and economic development over the period from 2007 to 2017 reflects two different and politically opposed governments: that of socialist Jose Luis...
EU and Italian flags outside Italian government building.

The future of the Italian government in Europe

The Italian elections of March 4 marked an unprecedented turning point both for Italy and for the European Union. Two populist parties, the Five...
Man in suit holding paper with 'Who wants to be a millionaire?' printed on it.

Everyone is a millionaire

Do a thought experiment. Think back to the year 1979 if you were born before 1964 or, if not, just think back to the...

Good news about redistribution?

Economists, investors and business leaders devote considerable effort to peeling back the layers of causality that impede economic growth. Among the causes are high...

Breaking the ‘Medici Vicious Circle’ – monopolization trends in advanced economies

Competitive markets form the very foundation on which the edifice of the modern liberal economy rests. The neo-classical proposition, under which competition arbitrages away...
Graphic illustrating the idea of people making up various demographics by showing a pie graph made up of many people standing in pie wedge shapes

Policy solutions for demographic change, growing government liabilities and slowing economic growth

The summer of 2018 began with disagreement among EU leaders. At the top of the agenda: should EU countries take in more migrants? The debate...

Chile should give the OECD the cold shoulder

In its never-ending quest to implement a statist version of globalism, the Organisation for Economic Co-operation and Development (OECD) has recommended that Chile undertake...

The birth of economic liberty in the Anglosphere

Many of the world’s wealthiest jurisdictions are part of the Anglosphere. But why? Is there something special about the United Kingdom that produces prosperity?...
Cayman Financial Review Logo

OECD Watch

Late 2017 saw the release of the first peer review for the implementation of the BEPS Action 5 standard on the exchange of information...

Julian Simon was right: A half-century of population growth, increasing prosperity, and falling...

Many people believe that global population growth leads to greater poverty and more famines, but evidence suggests otherwise. Between 1960 and 2016, the world’s...