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Booms and BustsFinancial Markets
As long as there is still room for pushing the market interest rate down even further, the chances are reasonably good that the boom continues, and that the bust will be postponed into the future.
British politics could potentially be very different next year, but a recent shortlist of candidates to replace Mark Carney doesn't provide much hope for Austrians.
In a sense, it is hardly surprising that so little attention has been paid to scandals within universal healthcare systems given the histories of underperformance, scandal, and perpetual crisis associated with many such systems.
Big GovernmentStrategyPolitical Theory
Money and BanksMoney and Banking
Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.
Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.
Decentralization and SecessionGlobal EconomyLegal System
Let's set aside the politically tempting task of speculating about what might happen in the event of a No Deal Brexit, what can we say with certainty will happen?
Labor and WagesMoney and BanksMoney and Banking
The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.