The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore.
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Spanish mercantilism meant the Crown picked which industries flourished and which withered. This led to a multitude of malinvestments including booms for southern Spain and busts in the Low Countries.
«Celebremos la prodigiosa vida de Lu Mises, una vida en la que fusionó una visión suprema sobre cómo el mundo aborda la ley de la escasez, con el coraje moral de toda la vida».
"Let's celebrate the prodigious life of Lu Mises, a life in which he fused crowning insight on how the world tackles the law of scarcity, with lifelong moral courage."
Decade after decade, he fought militarism, protectionism, inflationism, every variety of socialism, and every policy of the interventionist state, writes Ralph Raico.
