What Caused Japan's Post-War Economic Miracle? - Foundation for Economic Education
Hint: Japan’s post-war progress owes more to the ideas of Adam Smith and Milton Friedman than to those of John Kenneth Galbraith or Paul Krugman.
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Hint: Japan’s post-war progress owes more to the ideas of Adam Smith and Milton Friedman than to those of John Kenneth Galbraith or Paul Krugman.
John Mearsheimer recently gave an important lecture on the Ukrainian war.
The sick joke of stakeholder capitalism is that it “reforms” capitalism by transforming it into a form of socialism.
A couple of weeks ago, RT ran a story purporting to explain the mystery behind the rise in exchange rate of the Russian ruble. It touched on a concept I've talked about vis a vis Russia for years: the disparity between nominal GDP which yields a...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero