-
I used to believe in protectionism. Several users here tried to persist me to abandoned it, but they did not take me seriously. But after reading Milton Friedman, I can say that I am absolutely convinced that protectionism is nonsensical > this is because the foreigners don't sell goods for dollars...
-
I'm a bit of a soft-core libertarian, and an economist in particular. A lot of reading and discussion I have read has let me with a number of questions regarding the worshipped "gold standard." 1) Gresham's law states that "bad" easy currency will crowd out "good"...