World History

Displaying 1 - 10 of 1499

No, Hayek Didn't Support the Pinochet Regime

World HistoryHistory of the Austrian School of EconomicsPolitical Theory

Blog05/15/2020

Hayek is guilty of pointing out what should be abundantly obvious: both democratic and authoritarian regimes can commit grave crimes against human rights.

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Facing Economic Disaster, France Turns against Globalism

Protectionism and Free TradeWorld HistoryInterventionism

Blog05/05/2020

France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.

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As Oil Craters, Mexico's Government Still Bets on Its Oil Monopoly

Bureaucracy and RegulationSocialismWorld History

With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.

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The 1497 Cornish Tax Rebellion

Taxes and SpendingWorld History

Blog04/17/2020

As states in various areas of the Continent embarked on centralization and territorialization in the fourteenth century, communities very often took up arms against forms of taxation. The Cornish Rebellion of 1497 against national taxation is an example of this trend.

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In an Age of Pandemics We Need More Freedom to Trade, Not Less

Protectionism and Free TradeWorld History

Blog04/14/2020

It is thanks to global trade that we now have access to many more resources for treatment and prevention of disease, including COVID-19.

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Keynes Called Himself a Socialist. He Was Right.

BiographiesSocialismWorld History

Blog04/10/2020

John Maynard Keynes's supporters still insist that he was a mild and benign liberal. In truth, Keynes supported the blood-soaked Soviet regime and called himself a socialist. 

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Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard

Taxes and SpendingWorld History

Blog04/04/2020

Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead.

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Japan’s Productivity Has Been Slashed By Government Meddling, Not Demographics

Bureaucracy and RegulationMonetary PolicyWorld History

Blog04/03/2020

The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.

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The New Euro Stimulus Won't Save the Greek Economy

Monetary PolicyTaxes and SpendingWorld History

The Greeks haven't saved or produced enough to justify their high standard of living compared to other countries of the world. This is a fragile bubble economy made possible by European central bankers.

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Keynes: The Young Imperialist, 1906–13

Monetary PolicyWorld History

Blog03/21/2020

Between 1909 and 1913, Keynes was the most important defender of British monetary imperialism in India. His faithful defense of the British Empire in those early years allowed him to become the century’s most influential economist after the war.

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