If the Chinese sell us stuff and then "hoard" the money we pay them, that increases the value of the dollars we continue to hold here in the US, while also leaving us with more stuff to sell elsewhere.
The laws of nature are expressions of the will of God. You cannot monkey with them without suffering the consequences.
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
Big social media companies enjoy government protections while leveraging their privileges to push political agendas.
Ever since winning the Nobel Memorial Prize in “Economic Science” in 2001, Joseph Stiglitz has been a one-man advocacy band for growth of the state.
Whether dealing in coffee or loans, failed entrepreneurs can cost a lot of people a lot of money. But that's not a reason to bail out any of them.
Brand recognition, competition, and de-regulation are the keys to a more affordable and more competitive drug market.
In Nation, State, and Economy, Ludwig von Mises offered a radical alternative to the prevalent models for solving national conflicts.
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
The costs of recovering from the war would be paid by those who had had little to do with bringing about the massacres.
