North Korea has prided itself over the years on remaining relatively detached from the international community. During the Cold War, for instance, it refused to become a cog in the Soviet trading system that would have relegated it to supplying raw materials to and purchasing finished products from the imperial center. Instead, it remained economically…
Faced with a Congressional super-majority which threatened to override a would-be veto, Donald Trump has signed the sanctions bill which has received universal global criticism, including from America’s allies in the European Union. Trump signed the bill for the sake of what he called “national unity” while conceding the bill was “flawed”. Trump stated, “Today,…
What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money . A good money is widely marketable and must function as a genuine store of value, thus paper money should be consigned to the board game Monopoly. Inequality Leads To Trade In a state…
