Global Economy

Presented in 1985 as a part of the Mises Institute’s “Washington Seminar Series” in Washington DC.

Despite the obvious benefits of liberalization, India still continues to centrally plan the economy and indulge in socialistic schemes.

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.

To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.

Governments cannot rebel against the preponderance of generally accepted ideologies, however fallacious.

The question of who will be paying the bill decides the future of the euro. There are several possibilities.

The history of primitive peoples shows that the desire to trade and barter is a universal human characteristic.

A policy of currency devaluation can only make things much worse.
 

Narrated by Stefan Molyneux.

Part V: “Public Crimes”