This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences
Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political
From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.
From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le
Reprinted from Mises.org Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth.1 Based on these correlations, the author of the article, Matthew Klein, comments: “It’s no secret that spending cuts
From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole
Reprinted from The Telegraph On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote,
On December 17th, the White House announced that it would restore full diplomatic relations with Cuba. This is certainly a step in the right direction. Nevertheless, ending the American embargo on Cuba – something Mr. Obama cannot do without approval
Reprinted from Mises.org Grant defeated Lee, the Confederacy crumbled, and the idea of secession disappeared forever, or at least that’s what the conventional wisdom says. Secession is no historical irrelevance. Quite the contrary, the topic is integral to classical liberalism.
[First published in Liberty Magazine, 1990] Reprinted from Mises.org Christianity has played a central role in Western civilization and contributed an important influence on the development of classical-liberal thought. Not surprisingly, Christian beliefs about the “end times” are very important
From today’s Open Europe news summary: The Telegraph reports that David Cameron is expected to use the G20 gathering of world leaders this weekend to press for greater sharing of tax information to crackdown on avoidance. Open Europe’s Raoul Ruparel is quoted
Play video 01:38:28 Added on 11/12/14 178 views Many thanks to my friend Dr. Philip Bagus for forwarding the link to me. In addition to the address by former Czech president Vaclav Klaus, there were excellent presentations by Dr. Bagus