The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.
Before it was destroyed by British aggression in 1755, the Acadian community in Nova Scotia provided a window into an anarcho-capitalist society that was cohesive and successful.
Much of modern history portrays the African slave trade as purely a European venture. But capturing and sending slaves abroad required both approval and aid from African elites.
