Global Economy

"The modern notion that the acts of a political council have, as such, better moral foundation than the acts of the stock exchange is of course nonsense."

"What if the management is done by the government? Then we abandon the realm of service and enter into the realm of policy."

Seeing the rise of effective new competition, the older artisans and manufacturers turned to the state apparatus to try to shackle the efficient up

"The London merchants were not, however, content with free-market development, and power began to move in on the market. Specifically, the London merchants began to reach for export monopoly."

It is likely that with the bailout of Greece we have already passed this point of no return.

it is not possible to create something by printing money and redistributing real wealth. All that such policies produce is a further economic impoverishment.

Haiti will remain mired in poverty so long as the majority retains their current hostility to open competition and commerce.

When the influx of silver and gold from the Spanish colonies in the New World dried up, little or nothing remained. But that was not all.

"Make no mistake, this supposed 'containment' boondoggle was yet another bailout of the world's largest banks. A majority of the PIIGS's debt is held by large French and German banks."

There are thousands of people around the world wishing to live in the average American household, where bread is just a fraction of one’s inc