How Should a Nation Determine Its Heroes?
How do societies determine who their heroes are? We know that often those seen as heroes actually made a country worse off.
How do societies determine who their heroes are? We know that often those seen as heroes actually made a country worse off.
The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe.
Americans often have defended the atomic bombings of Hiroshima and Nagasaki as regrettable but necessary for ending World War II. The actual record tells us a much different story.
Yuri Maltsev, a Mises Senior Fellow who once was an advisor to Mikhail Gorbachev when he was an economist in the USSR, has passed away. Rest in peace.
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.
The leaders of the World Economic Forum have a wonderful future planned for all of us. They just don't plan to share in our misery.
Hindered by government in their home country, Chinese entrepreneurs have excelled overseas.
The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe.
Australia is famous for its laid-back culture and for being founded by convicts from Great Britain. It also should be famous for its embrace of entrepreneurship.
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?