War Abroad Should Not Mean Less Freedom At Home

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today’s Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance remains robust and domestic equities extend their bubble.  Let's take a closer look at what's driving the key moves in...