Money and the State
As a buyer or seller the state has to conform to the conditions of the market.
As a buyer or seller the state has to conform to the conditions of the market.
A just war exists when a people tries to ward off the threat of coercive domination by another people, or to overthrow an already-existing domination.
Like all wars, a just war is laced with dangers beyond the inferno of the battles, especially if war funding relies to a significant degree on the printing press.
The <a href="http://store.mises.org/Lessons-for-the-Young-Economist-Teachers-Manual-P10826.aspx">Teacher's Manual</a> is now available for my introductory textbook, <em><a href="http://mises.org/document/5706/Lessons-for-the-Young-Economist">Lessons for the Young Economist</a></em>.
The tiny colony was apparently not too young to have "foreign affairs"; and, indeed, it learned all too quickly the ways of interstate relations.
The historical evidence in Britain supports the view that spending cuts bring about larger economic recoveries than deficit spending does.
If it were true that we could create prosperity merely by making goods to give away, then we would not have to give them to foreign countries.