Why Scandinavia Isn’t Exceptional
“Between 1950 and 2000, the Swedish population grew from seven to almost nine million. But astonishingly the net job creation in the private sector was close to zero.”
“Between 1950 and 2000, the Swedish population grew from seven to almost nine million. But astonishingly the net job creation in the private sector was close to zero.”
The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science.
“Corruption is a regular effect of interventionism,” Ludwig von Mises once wrote, and we see this principle at work today in the European Union.
European bureaucrats thinks tax rates should be similar across the zone. But they naturally want all tax rates to "harmonize" at high rates, like those in France.
The answer to why people continue to work in such deplorable conditions is pretty simple: they don’t have any other options.
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.