Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.
T. Norman Van Cott
T. Norman Van Cott, an adjunct scholar with the Indiana Policy Review Foundation, is professor of economics at Ball State University, Muncie, IN.
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Listen to the Audio Mises Wire version of this article. When politicians and pundits tackle international trade matters, discussions inevitably end up focusing on whether Americans get the short end...
The Black Death ravaged Europe, starting in Italy, in the middle of the 14th century. Substantial percentages of entire populations died---estimates range between thirty and sixty percent. Maybe 75 to...
