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While German inflation is 2% (Germany is the engine of Europe) http://www.global-rates.com/economic-indicators/inflation/consumer-prices/cpi/germany.aspx More inflation data here: http://www.global-rates.com/economic-indicators/inflation/inflation.aspx (Not on the list) Maltese inflation is 4.4% and...
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Nixon closed the gold window on august 15 1971. After this point there was no tie remaning whatsoever between gold and banknotes. According to Austrian economics, gold imposes a certain discipline on politicians. When this discipline is removed, they are expected to be as indiscreet as possible. This...
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What determines cost of living? Why is cost of living so high in Europe? What does cost of living say about an economy? Back then I thought it was determined by currency. Like the Euro is valued much higher compared to other currencies but then I found out Japan does commerce in very high denominations...
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Very interesting! Now I'm curious about the other reasons of why socialism works in Europe?
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I'm skimming through Lies My Teacher Told Me , by James W. Loewen, which contains the following passage: ...Gold and silver from America replaced land as the basis for wealth and status, increasing the power of the new merchant class that would soon dominate the world. Where Muslim nations had once...
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Many leftists often point to the "superiority" of Scandinavian "socialism." Leftists often use Denmark and Sweden as their examples, since they are the most successful Scandinavian nations. I already covered this issue in an earlier post , but I feel it is important to rehash this...