China's Oil Imports Plummet To Eight-Year Low

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

What might be the process of a society moving from being unfree to being free? Here is one scenario.

Among the seven people killed in an Israeli strike on Beirut Wednesday was reportedly Youssef Hashem, described by some as the “most senior commander” Israel has targeted so far in their latest invasion of Lebanon. Hashem was the commander in charge of coordination with Iraqi Shi’ite movements. The IDF, however, claimed he was also Hezbollah’s […]