Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income on food, so they have been severely impoverished by Bernanke's QE2.
He has been saying things that sound surprisingly Austrian in regards to the limits of monetary policy.
Firms have lots of cash on their balance sheet and it's not earning anything. What to do? Buy the competition.
Higgs's book is that rare and wondrous combination: scholarly and hard-hitting, lucidly written and libertarian as well.
Romance starts with a first move. Just as it is the role of the entrepreneur to shoulder the risk of capital investment in order to potentially achieve profit, it is the role of an instigator to take the risk in the hope of finding romantic success. Without an entrepreneur, economic growth is unobtainable; without someone making a first move, romantic growth is unobtainable.
One of the most important concepts in economic theory is the quantity of money. However, when going from theory to practical application, things get messy.
