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Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay...
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,...
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide...