The Swiss are set to vote on a new initiative requiring the central bank to keep at least 20 percent of its assets in gold." How would such a measure be enacted and how would it affect Switzerland's economy?
American revolutionaries revolted in part over high tariffs, but the new American state immediately began raising tariffs after the revolution, and tariffs have played an important role in American wars, imperialism, and crony capitalism ever since.
Austerity is nothing more than allowing the private sector more control over what it produces. Those who argue against austerity are claiming that government will more wisely spend, invest, and save than private persons and firms.
Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014.