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Who Will Inflate Faster? Europe or the Fed?

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The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of...

Western Economies Are Self-Destructing with Inflation, Debt, and Taxes

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Although reluctantly, current central bank governors and respected economists have ramped up their warnings that inflation is here to stay. However, while it took officials a considerable period of time to admit the inflationary threat, despite the signs and...

Rousseau, Guevara, Marx and More: The Moral and Intellectual Bankruptcy of the Left

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In editing David Hume’s 1766 pamphlet titled About Rousseau, Lorenzo Infantino has drawn attention to a dispute between the two philosophers that at the time caused much discussion throughout Europe. At the core of that...

How Governments Seized Control of Money

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In discussions surrounding of the world’s monetary systems today there is usually one thing almost everyone can agree on: that money should be controlled by the organizations we call “states” or “sovereign states.” Nowadays when...

Africa’s Long History of Trade and Markets

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Market reforms in Africa can be thwarted because of propaganda asserting that markets are a Western import. Notwithstanding the currency of this belief, it is patently absurd. Markets flourished in Africa prior to colonialism,...

The Use of Incentives in Crypto

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One of the timeless lessons of economics is that incentives matter. If we want people to respect the rules of trade with their fellowmen rather than exploiting them, then the institutional rules of the game...

Gain of Function Controversy Demands Greater Scrutiny for Government-Funded Science

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From his National Geographic documentary to the children’s book about his life, Dr. Anthony Fauci has certainly become a household name during the Covid-19 pandemic. But the reemergence of an alarming controversy has many calling for his arrest. More evidence of the...

The Real Problem with Mask Mandates

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Here in Britain, masks are back. Almost all Covid restrictions, including the requirement to wear masks in any setting, were lifted back in July, and it had felt like we were on a slow but...

Stablecoin Regulation

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American regulators are inching closer to the world of crypto. In a recent report released by the US Treasury, regulators have voiced their clearest intentions yet to bring stablecoin issuers under the existing regulatory regime of...

Adam Smith on Self-Deceit

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The University of Virginia Center for Politics, led by Larry Sabato, provides polling results that show deep social, political, and psychological divides between Biden voters and Trump voters. Nowadays, it is common to think that...