Can the Market Economy Be Trusted?

Some commentators are of the view that one cannot trust the market economy, which is seen as inherently unstable. If left free, the market economy could lead to self-destruction. Hence, there is the need for the government and the central bank to manage the economy. It is held, in this framework, that successful management could be achieved by influencing overall expenditure; it is expenditure that generates income. An expenditure by one individual becomes the income of another individual.

Once Again, A Crisis Raises the Question: Why Does the State Exist?

“He [President McKinley] portrayed American expansion in the Pacific as a continuation of manifest destiny. He compared the Filipinos to Native Americans, calling them savage warriors or ‘little brown brothers.’ Appealing to popular attitudes of the times, he encouraged Americans to fulfill their manly duty to spread Christian civilization. The United States, he asserted, was a liberator, not a conqueror.”—Susan A.

Orlando1

Mateo Orlando is a student of the Bachelor of Arts in Liberal Arts and Sciences at Universidad del CEMA (Buenos Aires