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Both ideological anti-capitalism and economic factors contribute to the way Africa lags the rest of the world in the conquest of poverty.
Readers will close the volume with admiration for Kirzner’s devotion to Austrian economics, immense learning, and dialectical skill
Italian politicians are thinking "full speed ahead" when it comes to debt and devaluing the currency. And it's becoming harder for the EU to contain the possible fallout.
Taxes and Spending
The key to a high quality of life is a free economy devoted to trade and entrepreneurship. Contrary to what we're told about Europe's welfare states, more government social spending doesn't cause economic prosperity.
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.
Taxes and SpendingWorld History
The center-left in Spain survived last weeks elections. Whether the economy can survive the left's tax addiction remains to be seen.
If inequality keeps billionare Ray Dalio up at night, he could shrink his holdings through bold capital allocations aggressively focused on changing how we live, work, fly, and play.
Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.