The Return of Hyperinflation in Zimbabwe
As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.
As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.
The particular crises to which Keynes reacted were themselves the products of misguided government policies.
State intervention and a crushing fiscal policy made the whole empire groan under the yoke; more than once, both poor men and rich prayed that the barbarians would deliver them from it.
What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.
Europe is seeing the dangers of allowing demagogy to dictate energy policy.
Professor Walter Block joins Jeff Deist for a fantastic in-depth discussion of Henry Hazlitt and his work.
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.
A central benefit of the marketplace is the ability to choose the products and services that the "experts" tell us are not "the best."
Any profitable inquiry into the character of the American State must therefore take into account the distinction between making a living by production and gaining a living by predation; that is, between economics and politics.