Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.
We can start dismantling the US empire by giving Guantanamo Bay back to Cuba, followed by a termination of all foreign aid, a closure of all foreign military bases, and an end to regime-change operations around the world.
In every trade, a person is giving up something he values less for something he values more. Every time a shopper buys any item from another person, he has improved his standard of living, and so has the seller.