Optimistic buyers of stocks are bulls, pessimistic sellers are bears.
Only by historical methods can we explain why, over the past thirty years, so many countries created forms of debt that, by design, cannot be inflated away; and why, as a result, the next generation w...
O atual debate entre os proponentes dos livres mercados e aqueles da intervenção estatal é, em essência, um debate entre escolas de pensamento notadamente ocidentais: os seguidores de Adam Smith e os...
No one can know the future, least of all, a historian, whose business is the past.
Mortgages were short-term, usually for three to five years, and they were not amortized. In other words, people paid interest, but did not repay the sum they had borrowed (the principal) until the end...
Marx era una persona odiosa. Vividor desaliñado y polemista virtulento le gustaba alardear que su espora era, por nacimiento, «la baronesa de Von Estphalen»(...). En consecuencia, durante casi toda su...
MISCEGENATION
M0 (also known as the monetary base or high-powered money), which is equal to the total liabilities of the central bank, that is, cash plus the reserves of private sector banks on deposit at the centr...
Let’s face up to the question of who we support; let’s defend the bastards and reform them later.
La ayuda Marshall en sí misma no garantizaba la recuperación económica; de haber sido así, Gran Bretaña habría vivido un milagro económico, cuando en realidad le ocurrió lo contrario. Parece más plaus...
La UE está muy poblada pero envejece. Su economía es grande pero lenta. Su productividad no es mala, pero está viciada por el ocio excesivo. Es
Its prime cause was the rise and fall of ‘securitized lending’, which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was fol...
It was misconceived because Johnson appeared to think the kind of tactics that worked in a Texas saloon would work in Vietnam: beat a man, then stop beating him and say, Give in, or I’ll beat you some...
It is hard to believe that Gladstone would have ordered the invasion of Egypt in 1882 if the Egyptian government had not threatened to renege on its obligations to European bondholders, himself among...
Is it better today to be in a network, which gives you influence, than in a hierarchy, which gives you power?
If there is one educational policy I would like to see adopted throughout the United Kingdom, it would be a policy that aimed to increase significantly the number of private educational institutions –...
If the British wished to abolish the slave trade, they simply sent the navy. By 1840 no fewer than 425 slave ships had been intercepted by the Royal Navy off the West African coast and escorted to Sie...
For roughly thirty years, young people at Western schools and universities have been given the idea of a liberal education, without the substance of historical knowledge. They have been taught isolate...
Europe’s central banks had nearly all committed themselves to the gold standard by 1908; that meant that they nearly all had to target their gold reserves, raising rates (or otherwise intervening) if...
El proyecto de modernizar y cristianizar la India había resultado un absoluto fracaso, hasta el punto que terminó por barbarizar a los británicos. Los que realmente tenían que gobernar la India habían...