In spite of its failure in the short term, the Scottish campaign exposed elite dread of decentralization while establishing a precedent that regions can decide for themselves to secede even without a nation-wide vote. The campaign also illustrates anew ongoing trends in the decline of the nation-state.
Supporters of minimum wage hikes claim they have little or no effect on employment, the law of demand makes it clear the effects of price controls
Increasing the supply of fiat money, also known as inflation, leads to a myriad of social and economic ills, affecting employment, the family, emotional health, and more.
Soon you will no longer be able to purchase Switzerland’s finest watches for cash.
Forbes’s “stable and flexible” gold standard would facilitate and camouflage an inflationary expansion of the money supply that would, according to Austrians, distort capital markets and lead to asset bubbles. The motto of our current gold-price fixers seems to be: “We want sound money — and plenty of it.”
Investor Mark Spitznagel and Ron Paul discuss agriculture policy, Wall Street, fiat money, investing, and Ron Paul’s plans for the future.
Politicians and the mainstream media have faith in the central banks to manipulate and manage the global economy.
Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate.
Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking.
