International

Sunday, August 26th, 2018

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.

Friday, August 24th, 2018

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.

Thursday, August 23rd, 2018

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.  

Wednesday, August 22nd, 2018

The Chinese government’s insistence on “making China great again” through various forms of command and control (at home and abroad) suggests that things are not likely to work out according to plan.

Thursday, July 26th, 2018

Whether Iran deserves to be re-embargoed is a complicated matter. But we know for sure that such embargoes put the dollar's dominant role in the global payments system at risk.

Thursday, January 25th, 2018

Trump seems to understand what is wrong with red tape and high costs within the borders but he seems blind to the terrible costs of doing the same to goods and services that cross the border into the United States.

Sunday, July 16th, 2017

The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.

Monday, January 5th, 2015
As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using the inflation rate is a good approximation.
Monday, February 11th, 2013

The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date.

Tuesday, January 22nd, 2013

Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse.

Wednesday, December 5th, 2012

In his recent Mises Daily article "Fool's Gold Standards," John P. Cochran warns his readers against accepting any monetary reform less than that of money created by the free market.

Thursday, November 29th, 2012

Amazingly, the government is capable of losing money by making money.

Monday, November 26th, 2012

Loophole in Western Sanctions Allows Iran to Buy Gold in Turkey With Turkish Payments for Gas Imported From Iran

Friday, November 2nd, 2012

I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive. The report clearly states the advantages of Bitcoins versus current credit/debit cards:

Monday, October 29th, 2012

Many policymakers and experts on the economy in the United States and abroad have recently highlighted the benefits of gold-based monetary policy, and governments have increased their own gold holdings in recent years.

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