I am here in Buenos Aires as a guest of the Centro de Difusión Economía Libre. 1 What is economía libre? What does this system of economic freedom mean? The answer is simple: it is the market economy; it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

Well, she didn’t actually say that, but she might as well have.

Alan Greenspan once vigorously defended the gold standard, before taking command of the world’s largest printing press. Now back in civilian life, and lacking any opportunity to put his professed principles into action, Alan is again friendly to gold:

Well, war is good for certain sectors of the economy. For example: weapons manufacturing. Taxpayers and holders of US dollars won’t fare quite as well. Writes Bloomberg:

Lots of people like to concentrate on the deficit when looking at public finances. In 2013, he federal government of the United States ran a budget deficit of $614 billion, which is quite a bit, but seemingly small relative to the $17 trillion economy.