Articles of Interest

"It is legitimate to use violence against criminals in defense of one's rights of person and property; it is completely impermissible to violate the rights of other innocent people."

The nineteenth-century American free bank experience is typically considered an example of unregulated banking that led to chaos, fraud, and bank failures. Palasek's study shows that it was in fact a strictly regulated system whose own regulations caused its downfall.

How did Murray Rothbard view Ronald Reagan's legacy? A mood of blind "feel-good" Americanism, entrenched big government, and the evisceration of libertarian gains—leaving only one positive (repealing the 55 mph speed limit).

English translation of Hans-Hermann Hoppe's Kritik der kausalwissenschaftlichen Sozialforschung (Opladen 1983). Translated by Andreas Tank.

Following Jerome Powell’s latest signal on rate cuts, economist Steve Hanke explains why markets and policymakers keep fixating on the wrong variable. Interest rates don’t drive the cycle, he argues—changes in the money supply do, with long and variable lags.

In a candid interview, economist Steve Hanke calls the Trump–Putin Alaska summit “a photo-op,” arguing Russia already holds the upper hand in Ukraine. He explains why Moscow has the leverage and what it means for U.S. strategy and global security.

Hanke is Professor of Applied Economics at The Johns Hopkins University. His work is on the economics of water, natural resources, privatization, currency boards, dollarization, and finance. He has been a market commenter, and economic adviser to presidents and prime ministers. 

[Chapter 80, “Was the American Revolution Radical?,” from Murray N.

“The only influence capable of resisting the feudal hierarchy was the ecclesiastical hierarchy; and they came into collision, when the process of feudalism threatened the independence of the Church...”

We eliminate the main problem that plagued "limited government": we are relying on the government — a monopoly agency — to police itself.