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Central bankers have become enablers to debt-addicted governments.
Global EconomyMoney and BanksMoney and Banking
Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.
Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.
Global EconomyAustrian Economics OverviewBusiness Cycles
Mainstream economics is fraying at both ends. It is vague, and lacks precision. Austrian economics, meanwhile, is rooted in concrete human action.
Corporate WelfareGlobal EconomyMedia and Culture
The Olympics is one big party for politically-connected millionaires and other "elites" at the expense of ordinary taxpayers.
Global EconomyU.S. EconomyAustrian Economics Overview
Disappointed with weak growth worldwide, central banks look poised to crank out more easy money.
The EntrepreneurGlobal EconomyU.S. HistoryMonopoly and Competition
New FDA regulations — like most crony capitalist regs — will help large established businesses while hurting smaller ones.
Global EconomyCalculation and KnowledgePrices
In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.
Global EconomyFiscal TheoryInterventionism
Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."
Global EconomyWorld HistoryPolitical Theory
Here in Brazil, free-market ideas have long been ridiculed and ignored, with disastrous results.