The African Continent Free Trade Area has the potential to serve Africans and bring about better living standards. However, it is threatened by government attempts to "manage" trade.
Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.
Adherents of MMT present their ideas in the form of a hydra. Shoot down one idea and another pops up that is just as preposterous. This is no accident.
Ireland has been "experimenting" with MMT and price controls. The results are predictable.
Tho Bishop and JP Cortez discuss the ongoing legislative battles over money at the state level.
Nickel is a base metal the government used to replace silver. Since then, the government has inflated so much that even nickel is too valuable for US coinage.
Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.
Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.
It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve.
