The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.
World HistoryCalculation and KnowledgeCapital and Interest TheoryMonetary TheoryOther Schools of Thought
Although Australia follows the same homicide trend as the US, Canada, and much of Europe, gun control advocates try to credit the improvement in Australia almost solely to a 1996 gun control law.
Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.
By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.
SocialismCalculation and KnowledgeSubjectivism
Protectionism and Free Trade
The effects of inflationary currency are not limited by government borders.