Democracy works best at a small scale among people who share common interests. Matters are quite different in the US, a single country of 320 million, spread across a continent.
Existing political tensions within the EU are certain to escalate as the EU falls behind in global economic power, and Brussels, hooked on profligacy, for the first time faces budget cuts.
In February, year-over-year growth in the money supply was at 3.1 percent. That was down from January's growth rate of 3.3 percent, but was up from February 2018's rate of 3.0 percent.
What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.
