On the 71st Anniversary of the Marshall Plan, let's recall that international wealth redistribution schemes don't work any better than domestic ones.
Yuri Maltsev details how politics, bureaucracy, and self-dealing monetary planners work against the cause of peace and prosperity.
It takes a lot of verbal acrobatics to conclude that Venezuela's woes are not due to it's extensive implementation of the socialist program.
Today the world's oldest central bank turns 350. In a just world, this anniversary would instead be an opportunity to end this monstrous experiment.
Implementation of Marx’s ideas make nobody happy, other than spoiled millennials who aren’t suffering under it.
It is important to understand the relationship between monarchy and war, and between monarchy and warfare.
Capitalism doesn't have to be implemented in a "pure" form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.
Under the "Hindenburg Program," economic and industrial interventionism became absolute in Germany. Thus the ideal of "total war" was realized.
The real founders of economic science actually wrote hundreds of years before Adam Smith.
