The Only International Economic Policy That a Country Needs: "Mind Your Own Business and Set a Good Example."The international economic scene is dominated by state interventions at all levels. Daily we read of disputes over exchange-rate manipulation, protectionist tariffs followed by retaliatory tariffs, highly regulated free-trade blocs that erect trade barriers to nonbloc nations, bilateral trade agreements, and more. For instance, Great Britain is a member of the European Union (EU) but not of the European Monetary Union (EMU), meaning that it abides by all the regulations and pays all the assessments to remain a member of the EU in order to trade freely with the other members of the 27-country EU. But it does not use the common currency, the euro, which is used by only 17 of the EU members. British industry chafes at the many seemingly meaningless and bizarre regulations that raise the cost of British goods just so Britain can trade freely within the EU. Some regulations are so onerous that some British manufactures will be put out of business. The pro-EU faction in Britain, such as the leadership of the three main parties — the Conservatives, Labour, and the Liberal Democrats — recognizes the damage but proposes to lobby for special exemptions on a case-by-case basis. The anti-EU faction, led by the United Kingdom Independent Party (UKIP), wants Britain out of the EU entirely, arguing that the cost of membership is too great and that the loss of sovereignty is unconstitutional. The same debate can be seen within every EU nation to some degree.
by Ben O'Neill
These are questions that economists and political philosophers have considered throughout the history of economic thought. If you have ever enquired into the differences between capitalism and socialism you will have heard of the means of production, and you will be aware that this is very important to the organization of society. You might have heard of this, but you might not have spent much thought on the relationship between capital and moral order. Indeed, why should ordinary people care about such things? Isn't the means of production just something that one reads about between bong hits in the dorm rooms at university? Or is it perhaps something that is the domain of accountants and corporate managers, concerned with the proper techniques of double-entry bookkeeping? What is its great significance?
The remarkable experiment that was Moresenet was an indirect consequence of the Napoleonic Wars (1803–1815), which, like all wars, empowered the governments of participating states at the expense of their populations: nationalism grew more fervent; many nations suspended specie payments indefinitely; and a new crop of destitute amputees appeared in streets all across Europe.
Bellingham denounced the two Quakers as heretics, transgressors with "very dangerous, heretical, and blasphemous opinions" and "corrupt, heretical, and blasphemous doctrines." Bellingham's litmus test for deciding if the ladies were Quakers was brusque indeed; one of them happened to say "thee," whereupon Bellingham declared that "he needed no more; now he knew they were Quakers."
Broken down, it includes these devices: