The separatist movement in Catalonia is going hot and heavy. The citizens of that region of Spain have voted to become their own nation. The reasons for this are both cultural and economic. The people of Catalonia do the heavy lifting when it comes to paying taxes and paying for the government as it has a far more vibrant economy than the rest of the nation. The Central government of Spain is very concerned about the move to separate as both entities want to tax the activities of the people who live there. It's all about money power and control. The EU is concerned as it may continue to fuel separatist movements around Europe and the unselected politicians what to keep their hands on as much territory as possible.The following is an interesting article that discusses some of the issues written by Ryan McMaken who is an editor for the Mises Wire and The Austrian, which are sponsored by the Mises Institute.
It is possible that the political activities in Europe are having an effect on markets here in the US and elsewhere, so we think it is important for investors everywhere to understand what is taking place. The following is an interesting article that discusses some of the issues written by Ryan McMaken who is an editor for the Mises Wire and The Austrian, which are sponsored by the Mises Institute. That will be followed by some comments on how it could be affecting market prices of risk assets in the US.
