I recently discovered that only 1 military empire, the Byzantines, was able to successfully use currency and not fall into the debt spending and eventual debasement or unstable inflation of their monetary system. There’s several other examples from the bronze age or from pre-colonial Americas, but they didn’t use money in the modern sense. Every single other example I could find was eventually put into a position where debt spending was necessary and the debt spiral that followed […]

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Since the end of the 19th Century, much of US history has been marred by meddling in the affairs of other nations. From William McKinley’s Spanish-American War to George W. Bush’s invasion of Iraq, US meddling has created tragedy and chaos abroad and at home.

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Doug Bandow President Yoon Suk-yeol’s political self-immolation has decapitated the South Korean government and enfeebled its alliance with Washington. Yoon has been impeached and will likely be removed from office. The opposition Democratic Party (DP) then impeached acting President Han Duck-soo, making the finance minister the new acting president. However, the enraged DP has also threatened the latter with impeachment. Will there be anyone in Seoul for President Donald Trump to call after his inauguration? , Yoon’s Exit: […]

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submitted by /u/m4moz [link] [comments]

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This article showed evidence that the constant rise in inequality since early 1980s, especially in the US, confirms the prediction of the Austrian economics. The growth in financial activities, fueled by monetary expansion, increases income inequality by triggering the Cantillon effect, and the resulting pattern of rise and fall in top incomes as well as the change of relative wages over time is fully consistent with the Austrian theory. submitted by /u/menghu1001 [link] [comments]

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submitted by /u/madneon_ [link] [comments]

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