When Fiat Currency Stops Being Money
By Daniel Lacalle
If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.
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Biden Has Embraced Trump's Protectionism
By Joseph Solis-Mullen
Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade.
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