Does the Balance of Payments Determine Exchange Rates?
It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic
How Governor Whitmer Doomed Detroit Autoworkers
The new year started out on a painful note for autoworkers building electric vehicles (EVs). In the last month, thousands of workers have been laid off from General Motors (GM) and Ford plants in Michigan. Most workers involved were, or were
South Carolina School Choice Law Benefits the Public
Anastasia P. Boden, Brent Skorup, and Alex Khoury In spring 2023, Governor Henry McMaster of South Carolina signed a law establishing an Education Scholarship Trust Fund Program (Program). The law provides eligible low‐ and moderate‐income families with a trust fund account, up to
Lincoln Dissected
Thomas DiLorenzo, the President of the Mises Institute, has already reviewed Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation (Shotwell Publishing 2024) in characteristically excellent fashion, but the book is so insightful that some further comments are warranted. It
