by John West, Asian Century Institute
The devaluation of the Renminbi these past few months is a backward step in China 's current challenging program to rebalance its economy, and achieve sustainable economic growth.
The devaluation of the Renminbi (RMB) these past few months is a backward step in China 's current challenging program to rebalance its economy, and achieve sustainable economic growth.
by Michael Lombardi, Profit Confidential
As you read this issue of Profit Confidential today, I will be in Rome, Italy celebrating my 50th birthday. Yes, I turn the ripe age of 50 today.
My father, who is getting close to twice my age, says life begins at 50. We'll see. (He told me the same thing at 40!)
I have a lot to be thankful for in my 50 years. A great family; the best of the best when it comes to friends and to my extended family of hundreds of thousands of people who have taken it upon themselves to see what silly things I have to say each day.
by Gary Galles, Mises Economics Blog
When the Sixteenth Amendment was ratified just over a century ago, there was no concern that IRS abuses would extend to 501c4 applications for nonprofit status from groups “unfriendly” to the administration in power. Such tax code proliferations were never anticipated. Careful observers of the income tax from the perspective of American ideals and history, such as Frank Chodorov, focused on how income taxation would undermine Americans’ liberty. As he put it in The Income Tax: Root of all Evil:
by LEAP/Europe 2020, Leap2020.eu
In the present confrontation between Russia and the West over the Ukrainian crisis, the image of the Cold War inevitably comes to mind and the media are obviously fond of it. However, contrary to what it gives us to understand, it’s not Russia that seeks the return of an iron curtain but really the US. An iron curtain separating the old powers and emerging nations; the world before and the world afterwards; debtors and creditors. And this in the crazy hope of preserving the American way of life and the US’ influence over “its” camp in the absence of being able to impose it on the whole world. In other words, go down with as many companions as possible to give the impression of not sinking.