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...
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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...
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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...

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...
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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...

Three lessons in international taxation

It was “one of these days” at the office. I was writing a transfer pricing memo for defending one of my clients against a...
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OECD’s tax initiatives thwart US policy goals

International tax bureaucrats at the Organization of Economic Cooperation and Development (OECD) and elsewhere have waged a decades-long campaign to promote a one-size-fits-all approach...
Dubai

A review of the world’s offshore financial centers: Dubai (United Arab Emirates)

In this first article in a series about the world’s premier offshore financial centers we look at the city and emirate of Dubai in...
Smart Contract

Crypto transaction dispute resolution

The rapid evolution of anonymous, autonomous, and distributed blockchain-based smart contracting creates friction and enforceability issues with existing legal and jurisdictional principles, calling the...
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Are your Islamic bonds shariah compliant? Will they be tomorrow?

In the evolving world of Islamic finance, investors need to be especially cautious, as techniques for restructuring distressed debt can be just as surprising...
ICO

Offshore and the benefits of capital mobility

An age of ever greater affluence The great economic fact of our time is the imminent eradication of extreme poverty. In the thirty years between...
Image combining bitcoins, world map, somebody working on a laptop.

Get it while you can: Crypto-friendly jurisdictions must move fast

Cryptocurrencies have excited many people for many different reasons. Techno-libertarians aim to free people from fallible politicians and central bankers who distort the economy. Techno-geeks...