Davos has made it clear that Western elites do not lead naturally but rather want to impose a way of life that the rest of us don't wish to live by.
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.
Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.
"Government" and "state" are terms typically used synonymously these days. But good governance and good law do not require the presence of the state and its monopoly power.
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.