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With the Eurozone’s global systemically important banks geared up to 30x, rising bond yields of little more than a few percent could collapse the entire euro system.
We will win. But how long will it take, and at what price victory?
Suppose some people don't like the services furnished by a "minimal state." Don't these people have the right to establish their own services to compete with the minimal state?
The battle for true freedom will continue in 2022. Please take the last day of the year to support the institute's mission!
In order to demand goods and services individuals must produce something useful first. Hence, supply drives demand and not the other way around.
The original "leftists" wanted to abolish government regulation and controls. The rightists were the old control-freak authoritarians. But then the Jacobins hijacked the Left.
Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.
The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures.