“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went [more…]
“Venezuela is the current poster child of interventionist failure” When looking at the quality of the media coverage of Venezuela’s crisis and the interpretations of the factors that caused it, the superficiality of most analyses [more…]
Perhaps the most destructive premise of modern, mainstream economics is that a central bank-induced monetary/credit expansion can cause an economy to grow without adverse consequences. Let’s be perfectly clear from the start…this policy has been [more…]
Venezuela has the biggest oil reserves in the world. More oil than the Middle East. They are not a million mile away from the USA that uses huge amounts of oil. They can easily supply [more…]
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