‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure

No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade” (or “balance of payments”).  Rightly ridiculed in 1776 by Adam Smith as “absurd,” the so-called “trade balance” supplies protectionists with cheap yet convenient cover for their destructive interventions. The main reason is language: Saying that…

‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure

No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade” (or “balance of payments”).  Rightly ridiculed in 1776 by Adam Smith as “absurd,” the so-called “trade balance” supplies protectionists with cheap yet convenient cover for their destructive interventions. The main reason is language: Saying that…

Kota Tua Di Indonesia Yang Penuh Sejarah Destinasi Wisata

Kota Tua selalu punya pesona tersendiri, terutama bagi para pecinta sejarah. Ketika kita menyusuri jalanan kota yang penuh dengan gedung-gedung tua, rasanya seperti berjalan menelusuri waktu. Ada banyak cerita yang tersembunyi di balik setiap batu bata dan atap yang mulai berkarat. Nah, buat kamu yang ingin merasakan wistaa atmosfer masa lalu sekaligus belajar lebih banyak…