Tag: repression
How Excessive Government Spending Leads to Financial Repression
The U.S. Senate passed a $1.1 trillion “bipartisan” infrastructure spending bill last week. Shortly afterward, just 50 senators passed an extremely partisan $3.5 trillion budget blueprint. A good question to ask is where is the U.S. government going to come up with the money to pay for all that spending. The simple answer is...
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What Millennials Need to Know About China’s Totalitarian Rulers
Millennials may be unaware that 30 years ago, China’s one-party totalitarian regime was crushing a student revolt that came to be known as Tiananmen Square.
Zimbabwe Faces Starvation
As a result of dictator Robert Mugabe’s policies, the people of Zimbabwe now face starvation. Having destroyed agricultural production in the country by ending private ownership of land and farm-product markets, creating enormous hyperinflation to fund his military/police state (see here, here and here), torturing and killing opposition critics, and banning humanitarian aid (until...
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$10 Billion to $1 in Zimbabwe
To follow up on my recent posting regarding the funding of oppression in Zimbabwe through hyperinflation, Zimbabwean Central Bank Governor Gideon Gono has announced that after issuing $100 billion notes (not yet enough to buy even a loaf of bread), the government is devaluing its currency by dropping 10 zeroes, converting 10 billion dollars...
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