The Marshall Plan didn’t help get Europe back on its feet: free markets did. The Plan was another failed giveaway program. The Plan’s disastrous legacy was the wrongheaded approach it inspired in foreign aid programs for the rest of the century.
His political opinions had always been unpalatable to his colleagues. Even before he encountered Hayek and the Austrians, he had the reputation of an extreme libertarian (which is not exceedingly difficult to obtain in France, the only major country in which academic economists tend to be more statist than the rest of the population).
Historically, you know, we have a couple of grievances with the Japanese.
An Asia Times piece by Zhou Jiangong earlier this week describes a complica
The discrepancy between the relative position of the US economy in the world on the one hand and the relative position of the United States as to its military presence and the role of the US dollar on the other hand is moving towards a cracking point.
Capitalists and entrepreneurs will have to be convinced that a new social system will keep their investments safe from government appropriation — no small task.
The Korea Times reports in this article on the increasing diffic
Unfortunately, the problem with antitrust regulation is not what we see, but what we don't see.
