Global Economy

When the dust had settled, the crisis had wiped out trillions of dollars of investments, and the previously well-functioning credit markets had stalled.

The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”

Many people who otherwise oppose war in general terms make an exception for a so-called humanitarian war, such as the war in Libya.

There are two socialist paths: that of the German model and that of the Russian model.

It is a great pleasure for me to present this book by my colleague Philipp Bagus, writes Jesús Huerta de Soto.

It is a great pleasure for me to present this book by my colleague Philipp Bagus.

At best, the G7 currency intervention will postpone the inevitable adjustment of world currencies to a change in demand for yen. At worst, the Bank of Japan can enforce a permanent depreciation through money creation, which will redistribute wealth.

Like many economic events, the key lies not in what is immediately apparent — explosively large banks — but in those causes and conditions that are veiled. Politicians, pundits, and the population of the Icelandic nation have had a difficult time explaining how such a large financial sector could develop in the first place.

Government planners developed a particular aesthetic obsession: they were frustrated by the untidy complexity of real human societies.

Gold is the universal language and has been for eons.