Reinstating the mark, a peaceful act by a sovereign country, would create a cascade of monetary reform throughout the world. Europe's trading partners would find the cost of necessary imports rising in terms of their local currencies, forcing them to adopt fiscal and monetary responsibility.
For conservative populists, Wall Street now is the Washington establishment, indistinguishable from the oligarchs of Silicon Valley; Washington, DC; and the New York Times.
What works in a clinical setting may have totally different outcomes when applied as a matter of "public health." Indeed, one-size-fits-all public health measures can often lead to unintended and unwanted results.
In an unhampered market, there is no such thing as "excess" consumption of imports. But thanks to the creation of monopoly banks like the Bank of North America, an inflationary expansion of bank credit led to an artificial expansion of imports.
Today would have been Burt Blumert's ninety-second birthday
There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.
Placing thousands of troops on the streets of the nation’s capital could be a ticking time bomb. The longer the National Guard is deployed in Washington, the greater the peril of a Kent State–caliber catastrophe.
The claim that the US needs an immense and varied nuclear arsenal "does serve one purpose: it keeps military budgets wondrously high."
An unheralded work on the Austrian business cycle that rivals the work of the greats is Jesús Huerta de Soto’s Money, Bank Credit, and Economic Cycles, which outlines a multistate process of boom and bust.
Democrats want taxpayer funding for the families of those who died of covid. But, of course, there's no discussion of helping those who died as a result of covid lockdowns, such as those who were denied medical treatment for cancer.
