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In an unhampered economy, stock prices would reflect the availability of savings for investment and capital. But in an inflationary economy, rising stock prices suggest something very different.
Financial MarketsMonetary Policy
Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.
Bureaucracy and RegulationLegal System
Oddly, some libertarians argue that decriminalization is better than outright legalization. They're wrong.
Legal SystemWorld History
Despite harsh penalties for drug dealers, China's numbers on drug use are not significantly different from those in the US.
Legal SystemPhilosophy and MethodologyPolitical Theory