The Versailles treaty was in many ways an extension of the imperialistic impulses that caused the Great War in the first place. Even worse, it paved the way for World War II.
Accad and Koka discuss with Bob Murphy how economists conceive (or misconceive) of medical care, and what the implications are for the US healthcare system as a whole.
A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.
Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.
