The cause of Japan's deflation isn't monetary, it's demographic. Inflationary policy won't work in the long term.
The Nordic countries are some of the happiest and most prosperous, which many attribute to socialist policies. That's a myth. As John Boehner and President Obama's 'fiscal cliff' debate over spending cuts continue, lawmakers should remember that socialism did not spell prosperity.
The US and Europe now have two great opportunities to give their economies a much needed boost. One is to successfully navigate their debt mountains and fiscal cliffs. The other is to finally negotiate a US-EU free trade agreement.
Austerity's bite revives a long-running independence push for Spain's Catalonia. How likely is its success?