The nation-based “balance of international payments” accounting system is misleading and nonsensical.
There is a critical disconnect between the ivory-tower conceptions and the reality of the modern state.
FinCEN Form 114, Report of Foreign Bank and Financial Accounts, is a mandatory report to the U.S. Treasury Department and is inherently intrusive.
You pay for all of this endless death and destruction but you get less than nothing out of it.
People purport to want to bring back jobs in factories.
Behind virtually every government proposal, program, or project, we find a misuse of language.
Socialism’s greatest appeal springs from its promise of economic equality.
The best thing that could ever happen in regard to the public’s understanding of international trade and financial flows would be for the balance of international payments to simply disappear.
That so many young people in the West now regard socialism as the most desirable form of political economy is a tragedy in the making.
Socio-economic problems take two forms: one form is fake; the other is real.