Global Economy
Argentina’s Politicians Should Read Mises
A few days after the victory of Cristina Fernandez de Kirchner in Argentina the government imposed foreign exchange controls.
Video: Rothbard in the European Parliament
In a speech in the European Parliament during a debate over the “problem” of
Today’s Wealth Destruction Is Hidden by Government Debt
The transfer of bad debts to the balance sheets of governments and central banks cannot undo the destruction of wealth.
Germany’s “Dangerous” Current Account Surplus
If Germany has competitive labor costs and can build a better widget, where is the problem?
Are Bubbles Caused by Psychological Problems?
How does one know when a bubble is forming? Could it be as simple as applying a psychologist’s diagnosis?
Europeans Looking To Inflate Their Debts Away
European politicians and central bank policy-makers seek to maintain a monopoly over the power to create money.
Central Banks: The True Centers of Political Power
Central banks are becoming the real centers of political power.
Inflation Has Not Cured Iceland’s Economic Woes
By late 2010, inflation-adjusted income in Iceland was down over 35 percent. Inflating one’s currency may give the appearance of recovery, but the truth is somewhat less rosy.
Economies are Not Destroyed in a Day
Most economists and policy analysts seem to have a superficial reading of economic variables.