Cryptocurrency coins

Taking on tokenization

You cannot avoid it. Everywhere you turn, people are talking about cryptocurrency, investing in cryptocurrency, debating the future of cryptocurrency. You cannot walk down...
GDPR

Technology and privacy – Is the GDPR already out of date?

Nothing challenges the effectiveness of privacy laws like technological innovation. As the volume of data being generated about individuals increases, technology is making it...
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....

Can U.S. regulators do fintech?

In a recent speech, Commissioner Hester Peirce from the U.S. Securities and Exchange Commission (SEC) admonished financial regulators against behaving like “helicopter parents,” treating...
Swiss Flag

Swiss review of corporate taxation: a typical Swiss consensus story

For the first time in its history, Switzerland will review its corporate taxation not for internal reasons but in response to international pressure. Switzerland has...
The book The tragedy of Kabul Bank on s ahelf.

The tragedy of Kabul Bank

When Kabul Bank was put into conservatorship in early September 2010, its $1.3 billion dollar balance sheet represented one third of total bank deposits...

Full transparency: Why offshore financial centers and cryptocurrencies have more in common than you...

Cryptocurrencies have a lot in common with offshore financial centers. Those of you who live offshore may despise this notion, and those of you...

EU inflexibility in the Brexit negotiations

Why is Brexit proving so difficult to negotiate? It is not as if there are not enough options on the table. Michel Barnier’s infamous...
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”...
A copy of Judicial Fortitude, by Peter Wallison, sitting on a shelf

Judicial Fortitude: The Last Chance To Rein In the Administrative State, by Peter Wallison

Peter Wallison is a rarity in public life. He has been both a high-level government official in the administration of President Ronald Reagan and...
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...

Modern Monetary Theory

In its publication Global Sustainable Development Report 2019, the United Nations includes a section called Governance of Economic Transition. Its official purpose is to...
White toy-like people lined up with a mganifying glass highlighting a red one in the middle.

So, public registers of beneficial ownership. Now what?

On May 1, 2018, the inevitable finally happened and the British House of Commons mandated that the British Overseas Territories, but not the Crown...

Cryptocurrencies: Beyond fear and hype

This September will mark the tenth anniversary of the last financial crash. In October, another equally longstanding development will celebrate its first decade: Bitcoin,...
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...
Canada Flag

Canada: Economic trouble is brewing

Doug Porter, chief economist at BMO Financial Group weighed in on Canada’s investment woes. “The bottom line is there really is a need for...
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...