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Libertarians say that economic freedom is prerequisite for prosperity. Hong kong is currently the most economically free country. http://www.heritage.org/index/ranking However, it is demonstrated as the 18th country in prosperity index. http://www.prosperity.com/Ranking.aspx a. Why? Shouldn't it...
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Yeah, because only an Economics Illiterate would fail to include the average number of wage earners and average household size in a chart illustrating median income per house hold member. Because it's not like having the number of wager earners going up steadily over the time period covered in the...
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I'm hoping someone can help me ... I'm trying to understand which type of situations I can apply or attribute to what Hayek referred to as being the result of "spontaneous order." It is my understanding these are things that are a result of human action and not human design.The market...
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Hello all, I have posted here an introduction on the theory of natural money (hoarding fee, no interest, no credit). I am sure this will be the monetary system for the future because it creates the most efficient economy and the highest level of economic freedom and wealth for everyone. Bart Natural...