Booms and BustsGlobal EconomyU.S. Economy
The main indicators of the economic cycle point to a possible crisis and recession in the US economy. and maybe also in Europe.
Mises explained how the liberal society does not encourage isolation of individuals. In fact, “there is no conflict of interest between society and the individual, as everyone can pursue his interest more efficiently in society than in isolation.”
Money and Banks
Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.
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.
Argentina suffers from both high taxes and high rates of tax evasion. These two things are connected. The harder it is to pay taxes, the greater the motivation to evade them.
The right to property was not included in Canada's Charter of Rights and Freedoms. And it shows.
Bureaucracy and Regulation
The Trump administration has done little to undercut the federal government's huge bureaucracy.
Neel Kashkari is urging the Fed’s home office to lighten up on the interest rate hikes already. The President must be pleased.