It's possible to buy fireworks in Wyoming that are illegal in Colorado. So Wyoming merchants have placed a number of huge fireworks shops about two minutes from the border. It's quite convenient for Coloradans planning to ignore local laws.
Whether today's Great Monetary Inflation (which began in 2011) will end with sustained CPI inflation remains a wide-open question at this point. Prices could be reined in as in the 1990s, or a 1970s-style inflation could still be in store.
Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor.
Just as Canada had the right to secede from Britain, so too do the provinces and territories have a right to secede from Canada. Today, secession may be Alberta’s remedy against the Canadian regime's abuses.
It's too late for American member states to assert real independence from the central government without facing an avalanche of legal, political, and even military opposition. Europeans would be wise to not put themselves in a similar position.
The Igbo ethnic group in Africa is known for entrepreneurship, economic success, and a high degree of individualism. The group's cultural background can help us understand how culture and capitalism reinforce each other.
Mises argues that the nation has a fundamental and relatively permanent being independent of the transient state (or states) which may govern it at any given time. Thus he refers to the nation as “an organic entity [which] can be neither increased nor reduced by changes in states.”