Governments love to point to stuff they built with your tax dollars. But they never point to all the destroyed wealth and lost opportunities that result from those same programs and policies.
Whiskey production depends on investment in highly specific capital, and it requires a long time horizon. It's a textbook case of the sort of industry that's likely to suffer most in case of an economic bust.
What is needed to make peace durable is a change in ideologies. What generates war is the economic philosophy almost universally espoused today by governments and political parties.
Sanders’s and other progressives’ blustering about “morality” is really a smokescreen designed to distract from their vision of a society organized around the threat of government aggression against innocents who simply want to mind their own business.
Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.
Let's set aside the politically tempting task of speculating about what might happen in the event of a No Deal Brexit, what can we say with certainty will happen?
Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.
