The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank.
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.
States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state. It's our job to prevent the state from simply declaring the competition illegal.
Venezuela is one of the most economically unfree countries in the world, and it has one of the highest crime rates in the world. Unfortunately, President Maduro thinks he can fix the problem by making the country even less free than it is now.
In its secession effort, Scotland should have employed the methods recommended by Hans-Hermann Hoppe. That is, it should have been done in a decentralized and piecemeal fashion. However, such efforts would have required the Scots to abandon their welfare state.
2014’s new US Farm Bill eliminates many direct subsidies to farmers, while replacing them with subsidized insurance programs. This will lead to higher costs for taxpayers and distorted markets in the future.