Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.
In Argentina’s case, it seems that old political habits of anti-capitalist policy die hard. So, no matter who ends up winning the presidency in October, the Argentine people are set to lose.
Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.
We often hear that various government policies are justified because "the people want" this or "we want" that. This belief assumes that dissenting minorities don't matter at all. "We want" is usually nothing more than rank majoritarianism.
Richard Vague's new book on financial crises repeats many old myths about economic booms, while failing to understand the role of malinvestment and central banks.
Jim Crow policies and the eugenics-tinged racial purity theories behind them were at the heart of progressivism, something that few progressives today are willing to acknowledge.
Your support helps us continue to make the sound economic principles of Mises, Hazlitt, Hayek, Rothbard, and Hoppe free to the world at a time when they are needed more than ever.
The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.
Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price.
“It’s been evident for a while that conventional conservatism no longer holds much purchase with large swaths of the under 40, and especially under 30, crowd. Tax cuts, deregulation, trade giveaways, Russophobia, democracy wars, and open borders are not getting the kids riled up.”
