In the quest for a golden age for workers, few would look beyond free markets in modern times. This position is backed up by economists using the materialistic tools of their trade. Modern statistics, wages, and living standards all point to definite improvements on the part of workers in market economies. However, … Read more
As the nation heads into the next election cycle, there is much frustration, angst and anxiety directed at a system that does not seem to work. Everyone senses there is something terribly wrong with the country. The worst part of this growing malaise is the feeling that no one seems to know … Read more
Speaking with a friend recently, we chanced to talk about money and coins. He is a coin collector and had just visited a coin shop nearby. I mentioned my own studies of medieval economy and its coinage. Much to my surprise and delight, he reached into his inner coat pocket and pulled … Read more
Evita Peron once said, “One cannot accomplish anything without fanaticism.” If fanaticism can be defined as enthusiasm not guided by principles, then it appears that today’s Argentina is following in Evita’s footsteps. Its president, Cristina Kirchner, has just taken the fanatically and unprincipled move of stealing the majority stake in the country’s … Read more
Everyone’s eyes are turned to China, the Middle Kingdom, whose dizzying economic growth never ceases to draw exaggerated praise. However, we are also facing the growing military might of a government that not only has not renounced the Marxist ideology but still maintains the relentless repression typical of Communist police states. Thus, … Read more