Mises Daily

The modern drive to centralize European government and make a European superstate threatens to destroy what made Europe great in the first place.

As with East Germany, a liberalized Cuba would still require decades to catch up to its affluent neighbors, economically. North Korea is an even more extreme case. All these cases illustrate that political changes cannot substitute for the hard work of building wealth.

A successful economy depends on innovative entrepreneurs who are willing to take large risks in return for the chance at great profits.

Due to over prescription of legal opiates, many patients become addicted and end up turning to illegal opiates like heroin. Overdoses and other tragedies soon follow.