Murray Rothbard recounts how during the French and Indian War (1754–63), Americans continued the great tradition of trading with the enemy, and even more readily than before.
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.
Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.
