Argentina has shown itself incapable of managing the money supply appropriately. It would do better by outsourcing its monetary policy.
The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.
In 2018, all major institutions that provided the basis for the international order since the second half of the past century have come under fire, from NATO and the United Nations, to the role of the World Bank and the International Monetary Fund, to the World Trade Organization and the European Union. China flexes its muscles and challenges the role of the United States while the US president promotes protectionism and isolationism.
The Sentinelese people are a remnant reflecting what human life and social experience was like for all of mankind for thousands of years: small bands of interrelated families living the most bare and primitive existence.
AIER was founded on the principle of sound money and has always had a strong connection to gold. To balance all the research and theoretical work we are doing on campus, we went on a field trip to Ottawa, the city hosting the Canadian central bank museum as well as the Royal Mint of Canada.
Economists have pondered for centuries, if not millennia, how to get rid of poverty, starvation, and all other kinds of social ills. Seemingly they did not think about asking Luigi di Maio, the 32-year-old deputy prime minister of Italy.
"The much-heralded 'postwar consensus' created this problem, out of misguided dreams of a caretaker state that managed the whole of life for everyone in who manages to fit within its inflated geographic orbit. The dream was too big, too expansive, too expensive, and it used the wrong means (force over choice). Something has to give – and this explains the politics over much of the Western world today, with Sweden as the latest example." ~ Jeffrey Tucker
A nationalism that presents itself as a friend of liberty is one that must willfully ignore that most bitter lessons of the last century, while eschewing the greatest lesson of all: the only true guarantor of liberty is liberty itself.
What Farrier proves with “Dark Tourist” is that for every version of Anthony Bourdain’s “No Reservation,” where the host connects with the locals and draws profound lessons from their way of living, there’s a tourist who just wants to get skin-deep into the next attraction, just so he can then move on to the next, and the next, etc. And unlike many critics of "Dark Tourist" may suggest, there’s nothing wrong with that.
Since 2010, the balance sheet of the Turkish central bank has more than tripled. This expansion came as the result of putting an end to the independence of the Turkish central bank by Turkey’s president Recep Tayyip Erdogan. He was democratically elected in 2014 and re-elected in 2018. Over the years since he took power, he has become increasingly authoritarian to the dismay of his Western allies, including the United States.
The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.