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In the first chapter of his book, Money Mischief, Milton Friedman relates an example of how some islands in Micronesia used round stones, anywhere from one foot to twelve feet in diameter, to represent currency. [It is unknown whether this … Continue reading
Perception: The Federal Government is addressing the problem of immigration which is costing US citizens and residents their jobs. Economic Reality: A 3.5% unemployment rate is the equivalent of full-employment. Raids in Iowa have more to do with presidential politics … Continue reading