Socialists contend that Argentina's economic woes were caused by too much "neoliberalism." Yet not even Argentina's alleged neoliberal president Macri did anything to implement any significant reforms in the direction of free markets.
Even The New York Times now admits there is a deep state — and that it serves its own agenda while ignoring the elected civilian government.
As government-created barriers to entry rise and fall, so does competition in the banking sector.
The African continent is exceedingly rich in natural resources, yet the living standard of Africans is very low. The most plausible explanation for this discrepancy is the lack of a system that protects private property.
A common view is the bust is caused by various mysterious factors that have nothing to do with the previous boom. But that the main problem with Friedman’s model is the lack of a coherent definition of what a boom-bust cycle really is.
Our right to privacy is premised upon the idea of personal autonomy and extends to the right to bodily integrity. This includes our stem cells.
One East Berliner told me there was not much difference between “freedom” in West and East Berlin because some workers in West Berlin had to commute more than half an hour by bus to get to work. Hence, they had no freedom.
In the 19th century, the common view of federal soldiers was "as slackers on the public dole" and people with "such a lazy life," as to be "certainly not worth their country's crying about."
Argentinians have voted again for the policies that led to the 2014 financial crisis, and many crises before it. The regime remains inflationary and committed to big spending.
The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.
