Gross Domestic Product

Why The German Elections Matter, And Not Just For Germany

Germany's Sept. 24 election will likely result in one of the most fragmented parliaments the country has seen in decades. The country's two largest parties will try to avoid renewing their current coalition partnership, meaning smaller parties will play a big role in the formation of the next government.

How To Make The Financial System Radically Safer

The best way to regulate banks is to turn over regulatory control to the very exacting, and unsympathetic, order of the market. That is to have little to no regulations and one very specific and uncompromising provision: "There will be absolutely, unconditionally, categorically, no government funded bailouts."