Monthly Archives: August 2016

Emigration and Immigration

During the height of the Cold War, the Berlin Wall was built to keep the citizens of East Germany from leaving. We cheered as it and similar barriers to emigration from the Soviet to the Free World fell in 1989. … Continue reading

Posted in Economics, Government, News and politics, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Trade and Globalization

Specialization and the accompanying astounding development of productive technologies have lifted the standard of living around the world to unbelievable heights over the last three centuries. Trade—selling what we specialize in making and exchanging them for the wide range of … Continue reading

Posted in Economics, trade, Uncategorized | Tagged , , , , , , , , , | 3 Comments