Chile’s New President Threatens the Nation’s Market-Driven Prosperity
Gabriel Boric is no friend of free trade, low taxes, or markets in general. Yet these policies are what made Chile the most prosperous country in South America.
Gabriel Boric is no friend of free trade, low taxes, or markets in general. Yet these policies are what made Chile the most prosperous country in South America.
The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.
Turkey's President Erdoğan faces a series of crises as the lira collapses and the state's central bank steps in to clean up the mess.
The adoption of gold as the preferred commodity money was never inevitable or based on some sort of natural law of money. Many coincidences and political schemes were key factors.
This is freedom: "That he is independent of the arbitrary power of his fellows … [freedom] arose in the process of social development and its final completion is the work of mature Capitalism.”
The original "leftists" wanted to abolish government regulation and controls. The rightists were the old control-freak authoritarians. But then the Jacobins hijacked the Left.
The moral corruption of many left-wing intellectuals shows itself in verbal ferocity, exhortations to violence, demonization of opponents, and lack of respect for the dignity of individuals.
This new religion was odd in that it rejected the divinity and dominion of political rulers and declared that the real savior of mankind—and his kingdom—is "not of this world."
It was his melancholy good fortune to come upon the scene when the world went in for arms on an unprecedented scale and it was he who, more than any other man, developed the international market for arms.
The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.