Last year, I posted an article titled “If Sweden and Germany Became US States, They Would be Among the Poorest States“ which, produced a sizable and heated debate, including that found in the comments below
Obamacare premiums are exploding, just as mises.org has long predicted. Another disastrous example of politicians discarding basic common sense in passing through legislation to address a problem they themselves have created.
If we read the newspapers or listen to the experts, Britain faces two ways to negotiate its way out of the European Union without succumbing to the protectionists’ sirens. The first is a deal à la Norway not only with full access to the common market, but also with full implementation of EU law and a contribution to the EU budget as is the case for every member State. The second option would be a trade treaty such as the one negotiated between the EU and Canada. However, a viable third opportunity exists: unilateral free-trade.
There is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not alone. All the major paper currencies have been massively inflated in recent years. With the dollar acting as the world’s reserve currency, where the dollar goes, so do all the other fiat monies.
The following excerpt is adapted from Mendenhall’s review of Deirdre McCloskey’s book Bourgeois Equality; the original review, which appeared in the Quarterly Journal of Austrian Economics, is available here.
[This article is re-printed from the “International Debate on Re-Industrialization” published in the March 2015 issue of TSEconomist.]
In the wake of the final presidential election debate last week, the mainstream media was appalled that Donald Trump would not pre-emptively agree to not contest the outcome of the election. Trump’s position reflects a growing faction of Americans who doubt the integrity and honesty of the American electoral system.
