The Continental Bait-and-Switch

The Continental Bait-and-Switch

This article was originally published by Joshua Mawhorter at The Mises Institute.  Due to wartime inflation of bills of credit (“Continentals”) during the American War for Independence and the predictable economic effects, an old American colloquialism developed, “not...
China Sanctions U.S. Defense Firms

China Sanctions U.S. Defense Firms

The United States is known for its sanctions that don’t accomplish anything. Now China is trying the same tactic. Beijing has sanctioned twenty U.S. defense firms over arms sales to Taiwan. Sanctions do little if anything to coerce countries into obeying and...