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Although high interest rates can discourage loans and "free-wheeling" spending, they encourage thrift, savings and investment. This protects people's money against the erosion of the dollar and allows them to purchase the far fewer things of true value and enrichment. Although this may appear as "slower economic growth" or even a "shrinking economy", it represents a healthy simplification of the economy, and leaves more room for the existence of vital industry, which depends on this savings and investment to succeed. "Economic growth" has always been a high priority, yet when taking into consideration all of the possible things that could represent this "growth", this term is so vague as to be almost meaningless on its own. What do we really want the economy to look like?
It is far better to have one meaningful factory or shop, than to have what amounts to clutter, which takes up more land, raises property values and takes away from the possibility for such a shop to ever exist or ...
Hopefully, everyone has had a wonderful Christmas season and a great New Years. Actually, the Christmas season does not abruptly end after December 25th, but continues through Epiphany on Jan. 6th, and comes to a more natural, sensible conclusion at the remembrance of Jesus's Baptism on Jan. 12th.
The removal of Maduro from power in Venezuela, and the contrasting protests against this removal, calls for a clarification of terms and definitions:
Colonialism is the existence of smaller nations or territories that are the legal property of, and subject to the direct control and jurisdiction of a larger, more powerful nation, in all areas of its society.
Regime Change is the work of an outside country removing or overthrowing the leadership of another country and helping to install another leader or form of government, separate from and independently of the country's own cooperation or internal democratic process.
Nation building is the outside work of one country to build or rebuild ...
