For Europe’s Youth, Minimum Wages Mean Minimal Employmen
Yesterday, in the wake of Tuesday’s State of the Union address, I poured cold water on President Obama’s claim that …
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Venezuela Verifies Hayek on Exchange Controls
Foreign airlines have begun to restrict ticket sales in Venezuela. As the bolivars’ value evaporates, and with exchange controls in …
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Venezuela’s Plunging Petroleum Production
A hallmark of socialism and interventionism is failure. Venezuela is compelling proof of this, having spent the past half century …
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Friedman and Hanke on Bitcoin
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. …
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Bulgaria’s Currency Board versus Ukraine’s Chaos
When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, …
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Will Venezuela Be Next?
Last year, Nicholas Krus and I published a chapter, “World Hyperinflations”, in theRoutledge Handbook of Major Events in Economic History. …
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