Afghanistan cannot succeed through forceful “nation-building”. Afghanistan’s route to prosperity will have to be a tough internal political evolution, and can only come through the market.
Posts Tagged ‘War’
Republicans Aren’t Ready Yet
The Republicans are still hawks, still support corporate welfare and agree with social insurance. The so-called shift to the old right has yet to take place, and looks increasingly unlikely.
Robert Higgs on “Death and Taxes”
Economist Robert Higgs on war, taxes and economic crises in a lecture for the Independent Institute.
There is no Justification for Special War Powers
The president of the United States should be denied any capabilities to wage war. All war-waging powers should be deferred back to the Congress of the United States.
Austrian Religion
A comment on the continuing debate on the Austrian trade cycle theory as the one-and-only explanation behind the business cycle.
Central Banking and War
The Central Bank has been at the center of the State’s ability to finance wars on a large scale. As a result, it can be said that without central banking the large wars of the 20th Century would have never taken place, as they would have been impossible to fund.
When Charity Saved Rome
The Roman Army was not invincible, and the Roman State did not always have a bottomless treasury. During the First Punic war, Rome found herself penniless and fleetless and soon found herself in debt with the generosity of her private sector.
Shift to Keynesian Economics
My comment on Paul Krugman’s latest blog post (Why Economics Is the Way it Is):
Dear Dr. Paul Krugman,
You are only partially correct. The shift in mentality (for the United States), I believe, came during the First World War. This war, save the American Civil War, was the first war in which the economy was first [...]