It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic currency, which strengthens the exchange rate of the foreign currency against domestic money. Conversely, an increase in exports, in which exporters exchange their foreign currency earnings for domestic currency, increases the value of the domestic currency exchange rate against the foreign currency.

Llast Thursday, 25 Jan. 2024, Jesús Huerta de Soto last commented during class on Javier Milei´s speech in Davos. De Soto pointed out that politics is a difficult and dangerous arena which he does not recommend to enter. However, he embraces Milei´s success wholeheartedly: “A disciple [Javier Milei], who has been the reason of one of my greatest joys in life, against my recommendation, as I already say in my articles, do not destroy your life by dedicating yourself to politics, and he has dedicated himself.

It is a running gag among the pro-Taiwan camp that if you were to ask ordinary folks about Taiwan five years earlier, most could not locate Taiwan on a map. At the time, matters relating to China were mainly debates about Donald Trump’s protectionist stance, as relations between Taiwan and China didn’t receive the attention many would warrant in the face of a potential war.

One of the most destructive aspects of the “decolonize” movement is its insistence that scientific principles are as subjective as cultural beliefs. Decolonizers argue that the natural sciences—physics, mathematics, chemistry, and biology, along with computer science—should be analyzed from different ethnic and racial perspectives.

Recently, South Africa evoked opposition in some quarters by bringing a case against Israel to the International Court of Justice on the account that the latter is perpetuating genocide against Palestinians.