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Tag Archives: trade
Unintended Consequences of Trade Sanctions
The greatest hope for Iranian democracy is being squashed, not by the repressive military of the local overbearing authoritarian government, but by the bootheels of the self-styled beacon of liberty. Continue reading
Chinese Trade Deficit
China’s March trade deficit is a direct result of their inflationary policy, not of any changes in manipulation of the yuan. The effects of impoverished manufacturers is finally being seen. Continue reading
Posted in Current Events
Tagged Bubble, China, deficit, dollar, economy, inflation, manufacturers, mercantilism, trade, weak, yuan
1 Comment
A Closer Look at China’s Currency Manipulation
Through currency manipulation China has actually been benefiting the average American consumer and producer. The People’s Bank of China has been actively subsidizing the purchases of Chinese goods through inflation, at the expense of the Chinese seller and the Chinese people in general. Continue reading
Posted in Current Events, Theory
Tagged China, currency, deficits, Economics, inflation, Keynesian, manipulation, mercantilism, trade, wars
1 Comment
Further Evidence On Globalization and Peace
A study shows that trade promotes peace. Continue reading
Hayek, the Business Cycle and the Financial System
In “Monetary Theory and the Trade Cycle” Hayek holds that the business cycle is caused by fractional-reserve banking, which is a natural credit organization formed out of the market. If this is the case, then it follows that economic cycles are an intrinsic part of capitalism. Continue reading
Did Protectionism Cause the Great Depression?
The debate on whether or not the Smoot-Hawley Tariff directly contributed to the Great Depression and/or worsened the industrial decline remains alive and well. Paul Krugman does not believe that the Smoot-Hawley Tariff had a major effect. It did, and it should be studied and the lessons applied to current political trends. Continue reading
Posted in History
Tagged 1929, 1930, Crash, decline, Depression, Great, hawley, Hoover, industrial, protectionism, Recession, smoot, smoot-hawley, tariff, trade
5 Comments
Globalization and Culture
Globalization has been blamed for a large number of negative effects. Mary E. Clark presents one of these. She believes that globalization has forcefully ruined cultures around the world, leading to a breakdown of small societies. Continue reading
Introduction to the Austrian Business Cycle Theory: Explaining the Boom & Bust
The business cycle has been attributed to many factors by many different economists, but other than the Austrian Business Cycle Theory, none have been able to pinpoint the exact causations for an economic recession (or depression). The only theory which has consistently been able to cause the business cycle is the Austrian theory; a theory which presents the problem as a problem of fractional-reserve banking. Continue reading