Inflation Is Always And Everywhere A Monetary

I Would Say That In This World, The Greatest Source Of Inequality Has Been Special Privileges Granted By Government.

What You Have As A Result Of Past Policies Is That German Entrepreneurs Go Outside Of Germany For Many Of Their Activities. They Are Investing Abroad Instead Of At Home Because There Isn't The Openness, Fluidity And Opportunity They Find Outside Their Borders.

The Soviet Experience Was Much Worse Than Experts In The West Had Thought. That Discovery Had A Tremendous Impact Both On The Intellectual Community And On The Public At Large.

The Same Thing Will Happen In China That Happened In Chile. Political Freedom Will Ultimately Break Out Of Its Shackles. Tiananmen Square Was Only The First Episode. It Is Headed For A Series Of Tiananmen Squares. It Cannot Continue To Develop Privately And At The Same Time Maintain Its Authoritarian Character Politically. It Is Headed For A Clash. Sooner Or Later, One Or The Other Will Give.

To The Best Of My Knowledge, There Has Never Been A Monetary Union, Putting Out A Fiat Currency, Composed Of Independent States.