Anti-climate-change schemes will hit people in the developing world hardest. And when it comes to dealing with an uncertain future, poorer parts of the world are the places that will need fossil-fuel-powered technologies and capital most.
By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.
Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.
Although Australia follows the same homicide trend as the US, Canada, and much of Europe, gun control advocates try to credit the improvement in Australia almost solely to a 1996 gun control law.
The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.
London is a major global hub, and a hard Brexit wouldn't change that. But one of the best possible outcomes of Brexit could be a move toward real free trade beyond the faux "free trade" of the EU bloc.
The effects of inflationary currency are not limited by government borders.
MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.
Before having government "guarantee" income, we should probably stop it from destroying so many jobs through regulation, first.
No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.
