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The expert class embraced the failed "zero covid" plan early, claiming that covid will be eradicated if only we "lockdown harder." This later morphed into "covid will be eradicated with more vaccines."
Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank of the IMF. This is true even when the stated goal is advancing free markets.
Money and Banks
Monetary inflation results in a general rise in prices, often called "price inflation." But rising prices are not always "inflation." In any case, more government regs and subsidies won't help.
The historical guilds of Europe have long been criticized for cartelizing trade and seizing monopolistic powers. And new research suggests the situation was very similar in Africa as well.
If a business raises the price of its goods and consumers (and consumers pay it) we will have here a specific price increase but not a general increase in prices. That's not inflation.
Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems.
Even with November's small rise, money supply growth is far below the unprecedented highs experienced during the past two years. This points to a weakening economy.
In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.