Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West.
Old coins vaccinated me against trusting politicians long before I grew my first scruffy beard. I began collecting coins when I was eight years old in 1965, the year President Lyndon Johnson began eliminating all the silver in new dimes, quarters, and half dollars.
Venezuela’s infamous Hugo Chavez, the UK’s Jeremy Corbyn, the US’s Bernie Sanders all proclaim their unwavering pledge to help the “poor” by increasing government intervention to raise their living conditions and to fight the injustices of inequality and capitalism.
The city of Genoa is often excluded from histories of medieval and Renaissance republicanism. Similarly, Genoa is also absent from discussions on the rise of territorial states in northern Italy. This exclusion can be explained in various ways. To be sure, the Genoese have demonstrated a lack of interest in writing political philosophy and in intellectualizing their civic values.
According to the University of Michigan, the US consumer sentiment index rose to 78.1 in June from 72.3 in May. Many experts see the increase in the index as an important indicator regarding the likely course of the US economy in the months ahead.
To gain insight into the economic future, many economists follow a variety of consumer and business surveys. In these surveys, randomly selected consumers and businesspersons are asked to provide their views about where the economy is heading.
Princeton University has made it official: Woodrow Wilson’s name no longer will have any place on campus. The former president, or at least his memory, now is part of cancel culture, which is sweeping the nation.
In this article, I would like to accomplish two goals: First, I want to explain what money is (and what it is not). I will argue that money is the medium of exchange, and that this is the only function of money. Second, I will point out why the size of the money supply does not matter and that the money supply do
As I mentioned on Friday, a second round of lockdowns and stay-at-home orders will be both more economically damaging and more difficult to enforce. Yet politicians have clearly signaled they have more lockdowns in store.
The pressure is already mounting for state and local governments to move again toward coerced stay-at-home orders and mandatory business closures.
