The Looming Reversal of Centralization
People who look at the numbers know that the federal government will not muddle through this crisis.
People who look at the numbers know that the federal government will not muddle through this crisis.
Once the economy is deprived of its monetary steroids, the malinvestments will be revealed as wasteful, misplaced capital and labor.
Peru's experience with a vicious boom and bust in the 19th century provides a particularly compelling illustration of government-owned industry.
I recently finished reading a book on the South Sea Bubble. I was surprised at how fascinating it was.
The question of who will be paying the bill decides the future of the euro. There are several possibilities.
Recorded in Houston, Texas, on 14 January 2012.