Global Economy

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

"While it would be more comfortable to get money for nothing, this would not be the wisest long-run policy solution to unemployment."

We suggest that loose fiscal and monetary policies have severely undermined the ability of the private sector to generate real wealth.

Social cooperation among men — and this means the market — is what brings about civilization and it is what has brought about all the improvements in human conditions we are enjoying today.

The way to stop the brain and capital drain is readily at hand. Relinquish controls. Stop taxing people abroad. Adopt laissez-faire. Reinstitute freedom. Reject militarism and nationalism.

"Nothing has been easier than to treat with contempt all the legislative provisions for the protection of the monetary standard. All governments, even the weakest and most incapable, have managed it without difficulty."

"We are in a frightening state of affairs, where the government feels the need to commit acts of aggression, through the use of tariffs and quotas, as means of 'economic defense'."

He could not see also that these producers did not create such needs, but instead were fulfilling them and thereby removing the want and pain of their customers and adding to their happiness and standard of living. If he had gone that far, he would have realized the nonsense of his dog-eat-dog, or what would now be called his "zero-sum-game" view of the marketplace.