Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.
Category:
World News
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Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.
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Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people…
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As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves.
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Lenin and Trotsky have long been dead, but their efforts to erase history through revolutions live on. Today, the erasure is happening in Western Europe and the United States, as…
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Contrary to the narrative pushed by those who want more easy money, there is no monetary deflation or disinflation and the money supply continues to grow.
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There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.
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There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.
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Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is…