Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.
“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”
Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.
The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting.
For forty years, we have not compromised with the state nor those who promote it.
The standard bureaucratic line after a program's failure is that the government agents didn't have enough authority or resources to handle the job. Neither explains the failure of Trump's Paycheck Protection Program.
Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency.
Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war.
While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.
In contrast to the Keynesians and Friedmanites, Rothbard showed how Austrian economists can understand the stagflation phenomenon through price theory and capital theory. Interest rates must be raised in order to flush out malinvestments.
