In 2006, Venezuela’s president Hugo Chavez declared:

There is a market that can be reactivated through barter and not through currency. Let us break that curse [of capitalism].

During Mises University this week, we will be sharing short interviews with some of this year’s students.

Felicia Cowley is a first time Mises Research Fellow and a PhD candidate at George Mason University. She received her bachelors degree in economics at Troy University, where her professors included Mises Institute Associated Scholars G.P. Manish and Malavika Nair. 

In a recent post I explained that China’s manipulations of its own currency hurt only herself and not her trading partners and, therefore, retaliatory tariffs were not warranted and would be self-defeating anyway. China harms herself by causing her own money supply to expand, which destroys capital through malinvestment and causes prices to rise domestically. Retaliatory tariffs cause American goods to rise in price, resulting in a recession and generally lower standard of living. Few economists claim otherwise.

The dust-up over NATO confirms, once again, that President Trump, unfortunately, has been absorbed by the same deep state whose existence he sometimes laments. After questioning here in the United States the usefulness of NATO, Trump traveled to a NATO meeting in Europe, where he flipped and declared his firm commitment to this Cold War anachronism, declaring publicly, “I believe in NATO” and publicly expressing his sentiment that NATO is “very unified, very strong, no problem.”

Let’s face the discomforting truth: Trump’s administration is just another four years of Bush-Obama.

Earlier this year, I explained why Nordic nations are not socialist. Or, to be more precise, I wrote that if they are socialist, then so is the United States.

After pulling off a major upset in the Democratic Primary for New York’s 14th congressional district, 28-year-old Alexandria Ocasio-Cortez is now being touted as the new face of the Democratic Party.

Ocasio’s victory has rejuvenated the Democratic Party and liberals naitionwide. For many on the Left, Ocasio’s recent victory is a breath of fresh air after putting up with Hilary Clinton’s failed presidential campaign in 2016.

It’s finally over: the flood of e-mails that every single human being who possesses an inbox has received in the last few weeks thanks to the new data protection rules by the EU. These rules, called GDPR, have caused havoc even before becoming effective on May 25, and have probably caused the greatest spam wave of all time – all in the name of fighting against spam of course.

If there is anything that we have learned from the development of the British economy since the Brexit referendum is that doomsayers were wrong.

Since the Brexit vote, the UK has created 450 thousand jobs .