Money and the State
As a buyer or seller the state has to conform to the conditions of the market.
As a buyer or seller the state has to conform to the conditions of the market.
The tiny colony was apparently not too young to have "foreign affairs"; and, indeed, it learned all too quickly the ways of interstate relations.
If it were true that we could create prosperity merely by making goods to give away, then we would not have to give them to foreign countries.
The skeptic soon finds that space technology ought to be treated like all other forms of technology: with as little government intervention as possible.
The fall in the money stock that precedes price deflation is actually triggered by the previous loose monetary policies of the central bank.
The unraveling of a socialist system. The rediscovery and triumph of capitalism.
Every dollar spent on the military is a dollar not spent or invested in the civilian economy.
The Marxian doctrine of the alleged arbitrary power of employers over wages appears plausible because there are two obvious facts that it relies on.
In the Virginia colony, each person contributed the fruit of his labor according to his ability, and each received produce according to his need.