Global Economy

Our talks today were in the Chapter room where Francisco Vitoria taught and the professors of the 15th and 16th centuries gave papers for each other before their public presentations at the university.

India's ancient and deep religious traditions, combined with a plethora of historical, cultural, and practical reasons, have fostered an unflinching desire to acquire gold as a means of protecting one's wealth.

"There is a growing body of disenfranchised and radicalized citizens who see the EU for what it is: a criminal organization bent on totalitarianism."

"Preventing trade means that we use more resources to produce less wealth."

Money is the thing which serves as the generally accepted and commonly used medium of exchange.

Even America's poorest people nowadays can afford automobiles, cell phones, and TVs. Yet a significant number of social critics wish they couldn't.

Rothbard has succeeded in sustaining what remains of the postmeltdown high-tech and information sectors, albeit in India and China.

The possibility of an insolvent central bank, however, bypasses the question of whether the central bank should be abolished and concludes that it will, in certain instances, abolish itself as insolvency renders it helpless.

The consequences of pumping out many trillions of marks (or even just the few trillions of dollars now being created by the Federal Reserve) are simply catastrophic. And such policies lead, as Professors Mises and Rothbard taught us, to collapse, war, destruction, starvation, and death.

The “miracle” of Germany’s revival was not the result of a conscious rejection of socialism, but was rather an accident of politi