ECONOMY & POLITICS

John Maynard Keynes thought he had pretty well killed gold as a monetary standard back in the 1930s. Governments of the world did their best to help him. It took longer than they thought. Gold in the money survived all the way to Nixon, and it was he who finally drove the stake in once and for all. That was…
In September 2010, a short time before the international financial summit of the Group of Twenty (G20) took place in South Korea, Brazilian finance minister Guido Mantega declared that the world is experiencing a "currency war" where "devaluing currencies artificially is a global strategy." By announcing the outbreak of a "currency war," Mantega wanted to draw attention to the problems…
Cafés are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country plunges into its worst economic crisis in decades. The global media has presented Greece, tiny Greece, as the epicenter of the second stage of the global…
It all began, as usual, with the Greeks. The ancient Greeks were the first civilized people to use their reason to think systematically about the world around them. The Greeks were the first philosophers (philosophia — lovers of wisdom), the first people to think deeply and to figure out how to attain and verify knowledge about the world. 
That war is not productive may seem self-evident to Misesians but it is not to the "educated" public who have been taught that World War II ended the Depression and that deficit spending (of whatever kind it doesn't matter) spurs economic growth. Americans show not the slightest awareness that every dollar spent on the ongoing Afghan and Iraqi wars, the…
It is a thought provoking and a deep-sea dimensional analysis. Hence, it is bound the boggle the mind of the person who asked the question, and who ventures to answer it !! This should have been analysed and answered in the 17th or 18th century. Then the whole world should have functioned in an entirely different politico-social infrastructure !! I…

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