"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."
The shutdown is an example of how the government cannot be counted on to deliver on its promises.
Back in 1998, I was working in the filthy world of trade.
The rise of interest in free market economics has come from outside academia and Economics in One Lesson has been a great part of this awareness.
Spending $12 billion per day is not a shutdown. Spending 7% less than you spent last year is not a shutdown.
Government spending doesn't create wealth. It destroys wealth.
The core problems protested by the "Yellow Vests" are largely of an economic nature, while they also targeted the political class that is widely seen as being out of touch with reality.
Many modern scientists simply follow in the footsteps of Jacques Cousteau who once opined that “world population must be stabilized and to do that we must eliminate 350,000 people per day.”
It is easy to blame weakening global markets on Trump, but it would be dangerous to believe that's the real cause of the slowdown.
Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.
