By Russell Lamberti
Printing more pieces of paper or creating more digital entries on balance sheets out of thin air, which is the modus operandi of currency debasement, can never aid the productive process in a real and sustainable way.
There is a tectonic tug-o-war taking place, the outcome of which will decide the fate of billions. It is a struggle between the decentralised dynamism, cooperation, and technological progression of free individuals and markets on the one hand, and the centralised regulatory burdens and coercion of the State on the other. It is a struggle between the deliberate forces of progress and those of arbitrary obstructionism. It is an epic struggle for resources between people and their faltering governments. We call this, Elegant Chaos.
We’ll never fix our current economic woes as long as we’re misdiagnosing the problem.
By Russell Lamberti
Our economies need to be planned and regulated daily, even hourly, if we are to have any chance at success. They need to be micro-managed, scrutinised and guided by intelligent leaders. Success can only come by astute planning. We simply cannot abide any longer a hit-and-miss, unfettered economic system, fraught with greed, special favours, oligopolistic cronyism, and one that allows economic excesses to run rampant and unchecked. This is why we need free markets.
By Russell Lamberti International trade is one of the most misunderstood issues in economics. The common misguided narrative goes something like this: exports are good and imports are bad, therefore exports should be promoted by industrial policies, while imports should be curtailed as much as possible by industrial policies. This is the basic thinking behind [...]